Clark Asset Management LLC Makes New $533,000 Investment in First Trust Rising Dividend Achievers ETF $RDVY

Clark Asset Management LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 7,807 shares of the company’s stock, valued at approximately $533,000.

Other large investors have also made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after buying an additional 12,820 shares in the last quarter. First Trust Advisors LP boosted its position in shares of 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 worth $1,502,000 after buying an additional 12,204 shares in the last quarter. Cerity Partners LLC grew its stake in First Trust Rising Dividend Achievers ETF by 38.1% in the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock valued at $355,000 after acquiring an additional 1,561 shares during the last quarter. Betterment LLC grew its stake in First Trust Rising Dividend Achievers ETF by 19.4% in the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after acquiring 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 2nd quarter valued at about $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $79.15 on Monday. The stock has a market cap of $23.25 billion, a P/E ratio of 15.46 and a beta of 1.01. The company has a 50-day moving average of $75.24 and a two-hundred day moving average of $72.34. First Trust Rising Dividend Achievers ETF has a 12-month low of $60.30 and a 12-month high of $80.05.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.