Bleakley Financial Group LLC Takes $20.73 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Bleakley Financial Group LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 298,462 shares of the company’s stock, valued at approximately $20,734,000. Bleakley Financial Group LLC owned 0.11% of First Trust Rising Dividend Achievers ETF as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quad Cities Investment Group LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 0.7% in the fourth quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock worth $1,474,000 after purchasing an additional 157 shares during the last quarter. Allworth Financial LP increased its position in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock worth $4,020,000 after purchasing an additional 159 shares during the last quarter. Howard Bailey Securities LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 4.6% in the third quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock worth $247,000 after purchasing an additional 160 shares during the last quarter. Insigneo Advisory Services LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 0.8% in the third quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock worth $1,342,000 after purchasing an additional 163 shares during the last quarter. Finally, Proactive Wealth Strategies LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock worth $4,315,000 after purchasing an additional 174 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $75.24 on Tuesday. The company’s 50 day moving average is $72.14 and its 200 day moving average is $71.03. The stock has a market cap of $22.10 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 1-year low of $59.01 and a 1-year high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.1813 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 26th.

First Trust Rising Dividend Achievers ETF Company 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.