Fifth Third Bancorp Purchases 123,953 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Fifth Third Bancorp increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5,846.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 126,073 shares of the company’s stock after buying an additional 123,953 shares during the quarter. Fifth Third Bancorp’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,608,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its position in First Trust Rising Dividend Achievers ETF by 70.2% in 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 during the period. First Trust Advisors LP lifted its stake 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 valued at $1,502,000 after buying an additional 12,204 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 38.1% during the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock valued at $355,000 after buying an additional 1,561 shares during the last quarter. Betterment LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 19.4% during the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after buying an additional 7,892 shares during the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $80.15 on Thursday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $61.84 and a fifty-two week high of $81.36. The stock has a market cap of $24.35 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The firm’s 50-day simple moving average is $77.32 and its 200 day simple moving average is $73.62.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1474 dividend. The ex-dividend date of this dividend was 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.