RDVY is an exchange-traded fund (ETF) that aims to track the performance of the NASDAQ US Rising Dividend Achievers Index. The ETF is managed by First Trust Advisors L.P. and was launched in February 2015.
The NASDAQ US Rising Dividend Achievers Index includes US-listed companies that have a history of increasing their dividend payments each year for at least seven consecutive years. The index uses a modified dividend yield weighting methodology, which gives a higher weight to companies with higher dividend yields.
RDVY provides investors with exposure to a diversified portfolio of US companies that have a proven track record of increasing their dividend payments over time. As of February 2023, the ETF held over 50 stocks, with the top holdings including Target Corporation, Johnson & Johnson, and Lowe's Companies, Inc.
Investors may consider RDVY as a potential investment option for those seeking long-term growth and income through dividend-paying stocks. However, like any investment, it is important to carefully evaluate an individual's own financial situation and investment goals before making any investment decisions.
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