First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Advisortrust Partners LLC

Advisortrust Partners LLC grew its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 227.0% during the 1st quarter, Holdings Channel.com reports. The firm owned 10,510 shares of the company’s stock after purchasing an additional 7,296 shares during the quarter. Advisortrust Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $718,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Financial Perspectives Inc purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth $26,000. Huntington National Bank increased its stake in shares of 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 acquiring an additional 370 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $27,000. United Community Bank acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $28,000. Finally, Bessemer Group Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $29,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.6%

Shares of NASDAQ RDVY opened at $80.00 on Friday. The stock has a market capitalization of $24.31 billion, a PE ratio of 15.46 and a beta of 1.00. The firm has a fifty day moving average of $77.55 and a 200-day moving average of $73.74. First Trust Rising Dividend Achievers ETF has a 52-week low of $62.02 and a 52-week high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.1474 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.59 annualized dividend and a yield of 0.7%.

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.