Citigroup Inc. Purchases 16,507 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Citigroup Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 364,681 shares of the company’s stock after acquiring an additional 16,507 shares during the quarter. Citigroup Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $24,528,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. First Horizon Corp acquired a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at about $25,000. Cullen Frost Bankers Inc. acquired a new position in First Trust Rising Dividend Achievers ETF in the third quarter valued at approximately $28,000. Mather Group LLC. bought a new position in First Trust Rising Dividend Achievers ETF in the third quarter valued at approximately $31,000. Quaker Wealth Management LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 200.2% in the second quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock valued at $36,000 after acquiring an additional 1,135 shares during the last quarter. Finally, Collier Financial acquired a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth $41,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.2%

RDVY stock opened at $73.19 on Friday. The business’s fifty day moving average is $71.87 and its 200-day moving average is $68.68. The company has a market cap of $20.65 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $73.54.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.1996 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th.

First Trust Rising Dividend Achievers ETF Company Profile

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.