Barnes Pettey Financial Advisors LLC Acquires 46,051 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Barnes Pettey Financial Advisors LLC lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 37.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 170,391 shares of the company’s stock after purchasing an additional 46,051 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 5.1% of Barnes Pettey Financial Advisors LLC’s portfolio, making the stock its 2nd largest position. Barnes Pettey Financial Advisors LLC owned about 0.06% of First Trust Rising Dividend Achievers ETF worth $11,634,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Financial Perspectives Inc acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $26,000. Huntington National Bank lifted its position in First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $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 during the 4th quarter valued at $27,000. United Community Bank acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $28,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $36,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.6%

NASDAQ RDVY opened at $80.58 on Thursday. First Trust Rising Dividend Achievers ETF has a 1-year low of $61.84 and a 1-year high of $81.36. The company has a market capitalization of $23.67 billion, a PE ratio of 15.46 and a beta of 1.01. The firm’s fifty day simple moving average is $76.27 and its 200-day simple moving average is $72.93.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.1474 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%.

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.