Fairvoy Private Wealth LLC Acquires New Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Fairvoy Private Wealth LLC bought a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 35,529 shares of the company’s stock, valued at approximately $2,426,000.

Several other institutional investors and hedge funds have also bought and sold shares of RDVY. AQR Capital Management LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% during 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 in the last quarter. First Trust Advisors LP raised its position in shares of First Trust Rising Dividend Achievers ETF by 104.0% in the second 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 in the last quarter. Cerity Partners LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after buying an additional 1,561 shares in the last quarter. Betterment LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 19.4% in the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after buying an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the second quarter valued at $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.0%

First Trust Rising Dividend Achievers ETF stock opened at $79.75 on Friday. First Trust Rising Dividend Achievers ETF has a 52 week low of $61.57 and a 52 week high of $80.28. The business has a 50-day simple moving average of $75.76 and a 200 day simple moving average of $72.63. The stock has a market cap of $23.43 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 disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.1474 per share. The ex-dividend date of this dividend is Thursday, June 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.7%.

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.