Catalyst Investment Management LLC Purchases Shares of 23,941 First Trust Rising Dividend Achievers ETF $RDVY

Catalyst Investment Management LLC acquired a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,941 shares of the company’s stock, valued at approximately $1,663,000. First Trust Rising Dividend Achievers ETF makes up approximately 1.6% of Catalyst Investment Management LLC’s investment portfolio, making the stock its 18th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Balefire LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 32.1% in the 4th quarter. Balefire LLC now owns 39,521 shares of the company’s stock worth $2,746,000 after buying an additional 9,594 shares during the period. Cozad Asset Management Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 9.3% during the third quarter. Cozad Asset Management Inc. now owns 108,125 shares of the company’s stock valued at $7,272,000 after acquiring an additional 9,181 shares during the period. Genesis Private Wealth LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 7.1% during the fourth quarter. Genesis Private Wealth LLC now owns 112,076 shares of the company’s stock valued at $7,786,000 after acquiring an additional 7,444 shares during the period. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $743,000. Finally, Citigroup Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 4.7% in the third quarter. Citigroup Inc. now owns 364,681 shares of the company’s stock valued at $24,528,000 after acquiring an additional 16,507 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.8%

NASDAQ RDVY opened at $79.15 on Friday. First Trust Rising Dividend Achievers ETF has a twelve month low of $60.30 and a twelve month high of $80.05. The business has a 50-day moving average price of $75.10 and a 200-day moving average price of $72.26. The firm has a market cap of $23.25 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.