Claris Financial LLC Makes New Investment in First Trust Rising Dividend Achievers ETF $RDVY

Claris Financial LLC bought a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 58,045 shares of the company’s stock, valued at approximately $4,032,000. First Trust Rising Dividend Achievers ETF accounts for about 2.1% of Claris Financial LLC’s portfolio, making the stock its 9th largest position.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. AQR Capital Management LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after purchasing an additional 12,820 shares during the period. First Trust Advisors LP raised its holdings in First Trust Rising Dividend Achievers ETF by 104.0% during the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after buying an additional 12,204 shares during the period. Cerity Partners LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after buying an additional 1,561 shares during the period. Betterment LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after buying an additional 7,892 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.8%

First Trust Rising Dividend Achievers ETF stock opened at $79.15 on Friday. The company has a 50 day moving average of $75.10 and a 200-day moving average of $72.26. First Trust Rising Dividend Achievers ETF has a twelve month low of $60.30 and a twelve month high of $80.05. The stock has a market capitalization of $23.25 billion, a PE ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.