Barometer Capital Management Inc. Acquires 6,610 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Barometer Capital Management Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 150.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,000 shares of the company’s stock after buying an additional 6,610 shares during the period. Barometer Capital Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $764,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank grew its holdings in First Trust Rising Dividend Achievers ETF by 37,000.0% during the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares during the last quarter. Financial Perspectives Inc bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $26,000. Trust Co. of Vermont bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $27,000. United Community Bank bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $36,000.

First Trust Rising Dividend Achievers ETF Trading Up 2.7%

Shares of NASDAQ:RDVY opened at $77.72 on Friday. The company has a market capitalization of $22.83 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 12 month low of $60.30 and a 12 month high of $78.00. The firm’s 50-day moving average is $74.12 and its 200 day moving average is $71.87.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, March 26th.

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.