First Horizon Corp Buys 6,742 Shares of First Trust Rising Dividend Achievers ETF $RDVY

First Horizon Corp increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 93.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 13,947 shares of the company’s stock after buying an additional 6,742 shares during the period. First Horizon Corp’s holdings in First Trust Rising Dividend Achievers ETF were worth $952,000 as of its most recent SEC filing.

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

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $80.30 on Friday. First Trust Rising Dividend Achievers ETF has a one year low of $61.84 and a one year high of $81.36. The business’s fifty day moving average price is $77.01 and its 200-day moving average price is $73.41. The stock has a market capitalization of $24.36 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.