First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,548,817 shares of the company’s stock after purchasing an additional 45,589 shares during the period. Janney Montgomery Scott LLC owned approximately 0.53% of First Trust Rising Dividend Achievers ETF worth $105,753,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of RDVY. Financial Perspectives Inc acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth $26,000. Huntington National Bank raised its position in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the period. Trust Co. of Vermont acquired a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at $27,000. United Community Bank acquired a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $36,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $79.29 on Friday. The firm has a market capitalization of $23.29 billion, a PE ratio of 15.46 and a beta of 1.01. The business has a 50-day moving average of $75.87 and a two-hundred day moving average of $72.67. First Trust Rising Dividend Achievers ETF has a 12 month low of $61.84 and a 12 month high of $80.28.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.1474 per share. The ex-dividend date is Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a dividend 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.