Darwin Wealth Management LLC Purchases 7,427 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Darwin Wealth Management LLC grew its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 31.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 30,817 shares of the company’s stock after purchasing an additional 7,427 shares during the period. Darwin Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,104,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. LPL Financial LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after purchasing an additional 2,907,770 shares during the last quarter. Morgan Stanley grew its position in First Trust Rising Dividend Achievers ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after purchasing an additional 940,590 shares in the last quarter. Raymond James Financial Inc. grew its position in First Trust Rising Dividend Achievers ETF by 2.2% in the fourth quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock valued at $784,018,000 after purchasing an additional 243,585 shares in the last quarter. Wells Fargo & Company MN increased its stake in First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after buying an additional 1,076,558 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 10.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after buying an additional 716,800 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $80.30 on Friday. The business has a 50-day moving average of $77.01 and a 200-day moving average of $73.41. The stock has a market capitalization of $24.36 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $61.84 and a fifty-two week high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed 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 was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis 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.