GAMMA Investing LLC Invests $105,000 in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

GAMMA Investing LLC purchased a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,051 shares of the company’s stock, valued at approximately $105,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDVY. International Assets Investment Management LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 5,519.6% in the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock valued at $341,824,000 after purchasing an additional 6,497,795 shares during the last quarter. Morgan Stanley boosted its holdings in First Trust Rising Dividend Achievers ETF by 8.1% in the third quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock valued at $597,147,000 after purchasing an additional 969,819 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 4.5% in the third quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock valued at $741,285,000 after purchasing an additional 689,605 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after purchasing an additional 557,879 shares during the last quarter. Finally, Affinity Wealth Management LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $15,390,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $54.24 on Monday. The company has a market capitalization of $10.25 billion, a P/E ratio of 9.78 and a beta of 0.96. First Trust Rising Dividend Achievers ETF has a one year low of $42.42 and a one year high of $56.28. The stock has a 50-day moving average price of $54.14 and a 200 day moving average price of $50.79.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.2238 per share. This represents a $0.90 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend was Thursday, March 21st.

About First Trust Rising Dividend Achievers ETF

The First Trust Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund tracks an index of 50 large-cap stocks with rising, high-quality dividends. RDVY was launched on Jan 6, 2014 and is managed by First Trust.