GSG Advisors LLC Has $12.91 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

GSG Advisors LLC increased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.7% in the 1st quarter, HoldingsChannel reports. The fund owned 189,055 shares of the company’s stock after buying an additional 11,853 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 3.4% of GSG Advisors LLC’s holdings, making the stock its 6th largest holding. GSG Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $12,909,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. Financial Perspectives Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $26,000. Huntington National Bank increased its stake in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after purchasing an additional 370 shares in the last quarter. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth $27,000. United Community Bank bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $28,000. Finally, Bessemer Group Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at $29,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $80.03 on Thursday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $62.02 and a fifty-two week high of $81.36. The firm’s fifty day moving average is $77.91 and its 200 day moving average is $73.98. The stock has a market cap of $24.39 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.