1776 Wealth LLC Acquires 8,245 Shares of First Trust Rising Dividend Achievers ETF $RDVY

1776 Wealth LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 150.4% during the 4th quarter, HoldingsChannel reports. The fund owned 13,726 shares of the company’s stock after buying an additional 8,245 shares during the period. 1776 Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $954,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of RDVY. AQR Capital Management LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 70.2% during the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after acquiring an additional 12,820 shares in the last quarter. 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 worth $1,502,000 after buying an additional 12,204 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after buying an additional 1,561 shares in the last quarter. Betterment LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 19.4% in the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after buying an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the second quarter worth approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $75.55 on Monday. The firm’s 50 day moving average price is $73.38 and its 200-day moving average price is $71.56. The company has a market cap of $22.19 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 52-week low of $60.30 and a 52-week high of $77.12.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid 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.

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.