RDVY First Trust Rising Dividend Achievers ETF
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RDVY First Trust Rising Dividend Achievers ETF
Seeks to track, before fees and expenses, the NASDAQ US Rising Dividend Achievers Index. The Index is composed of the securities of 50 companies with a history of raising their dividends and exhibit the characteristics to continue to do so in the future. The Index begins with the stocks in the NASDAQ US Benchmark Index, and eliminates those companies classified as a Real Estate Investment Trust by the Industry Classification Benchmark. The largest 1000 companies with a minimum three-month average daily dollar trading volume of $5 million are selected. To be eligible for inclusion in the index, companies must have: 1) paid a dividend in the trailing twelve-month period greater than the dividend paid in the trailing twelve-month period three and five years prior. 2) positive earnings per share in the most recent fiscal year greater than the earnings per share three fiscal years prior. 3) a cash to debt ratio greater than 50%. 4) a trailing twelve-month period payout ratio no greater than 65%. Eligible securities are ranked by a combined factor of dollar dividend increase over the previous five year period, current dividend yield, and payout ratio. The 50 eligible securities with the lowest aggregated rank are selected for inclusion in the index, subject to a maximum of 30% from any one sector. The index stocks are equally weighted initially and on each rebalancing effective date. The index is reconstituted annually and rebalanced quarterly.
$43.30 -0.09 (-0.21%)
As of 03/23/2023 15:57:10 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad market
Category3: Large and mid cap
Morningstar category: Large Value
Leverage factor: 1.00
Inception date: 01/06/2014
Index tracking method: Passive replication
Current yield: 2.08%
Historical average yield: 1.78%
Market cap: $7,539,312,086
Average volume: 883,079
Fees: 0.5000%
Index Information
NASDAQ US Rising Dividend Achievers Index
Index symbol: NQDVRIS
Provider: NASDAQ OMX
Total return index symbol: NQDVRIST
Index weighting: Equal weighted
Index inception date: 10/21/2013
Backtesting data exists: Yes
Number of holdings: 50
Strategy: Dividend history investing
Rebalanced: Quarterly
Reconstituted: Annually
Factors used to select securities: