17 Capital Partners LLC Makes New $1.92 Million Investment in First Trust Rising Dividend Achievers ETF $RDVY

17 Capital Partners LLC bought a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 27,651 shares of the company’s stock, valued at approximately $1,921,000. First Trust Rising Dividend Achievers ETF makes up about 1.0% of 17 Capital Partners LLC’s holdings, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RDVY. Financial Perspectives Inc bought a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $26,000. Huntington National Bank raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after acquiring an additional 370 shares in the last quarter. Trust Co. of Vermont bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $27,000. United Community Bank bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $36,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.1%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $78.58 on Friday. The company has a market cap of $23.08 billion, a PE ratio of 15.46 and a beta of 1.01. The business has a 50 day moving average of $74.31 and a 200 day moving average of $71.92. First Trust Rising Dividend Achievers ETF has a 52 week low of $60.30 and a 52 week high of $78.71.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.