Rehmann Capital Advisory Group Makes New Investment in First Trust Rising Dividend Achievers ETF $RDVY

Rehmann Capital Advisory Group bought a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 15,886 shares of the company’s stock, valued at approximately $1,104,000.

Other large investors have also modified their holdings of the company. AQR Capital Management LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after purchasing an additional 12,820 shares during the period. First Trust Advisors LP raised its holdings in First Trust Rising Dividend Achievers ETF by 104.0% in the 2nd 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 during the period. Cerity Partners LLC lifted its position in 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 valued at $355,000 after buying an additional 1,561 shares during the last quarter. Betterment LLC lifted its position in 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 valued at $3,041,000 after buying an additional 7,892 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the second quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $79.15 on Friday. The firm has a 50-day simple moving average of $75.24 and a two-hundred day simple moving average of $72.31. The stock has a market cap of $23.25 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 1-year low of $60.30 and a 1-year high of $80.05.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1813 dividend. This represents a $0.73 annualized dividend 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.