Arax Advisory Partners Takes Position in First Trust Rising Dividend Achievers ETF $RDVY

Arax Advisory Partners bought a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 685,811 shares of the company’s stock, valued at approximately $47,643,000. First Trust Rising Dividend Achievers ETF makes up about 1.4% of Arax Advisory Partners’ holdings, making the stock its 12th biggest holding. Arax Advisory Partners owned about 0.24% of First Trust Rising Dividend Achievers ETF as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Financial Perspectives Inc acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $26,000. Huntington National Bank grew its stake in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after buying an additional 370 shares in the last quarter. Trust Co. of Vermont acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $27,000. United Community Bank acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $36,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $78.58 on Friday. First Trust Rising Dividend Achievers ETF has a 1 year low of $60.30 and a 1 year high of $78.71. The firm has a market cap of $23.08 billion, a P/E ratio of 15.46 and a beta of 1.01. The stock has a 50-day simple moving average of $74.31 and a 200-day simple moving average of $71.92.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

First Trust Rising Dividend Achievers ETF 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.