6,426 Shares in First Trust Rising Dividend Achievers ETF $RDVY Bought by Cambridge Advisors Inc.

Cambridge Advisors Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 6,426 shares of the company’s stock, valued at approximately $439,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Perspectives Inc purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $26,000. Huntington National Bank lifted its stake in 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 buying an additional 370 shares in the last quarter. Trust Co. of Vermont purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $27,000. United Community Bank acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $36,000.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $79.15 on Monday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $60.30 and a fifty-two week high of $80.05. The firm’s 50 day simple moving average is $75.24 and its 200-day simple moving average is $72.34. The company has a market cap of $23.25 billion, a P/E ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid 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%.

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.