Liberty Square Wealth Partners LLC Purchases 171,517 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Liberty Square Wealth Partners LLC increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 30.4% during the 4th quarter, HoldingsChannel reports. The fund owned 736,020 shares of the company’s stock after acquiring an additional 171,517 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 14.6% of Liberty Square Wealth Partners LLC’s portfolio, making the stock its biggest holding. Liberty Square Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $51,131,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in First Trust Rising Dividend Achievers ETF by 74.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after purchasing an additional 725,742 shares during the last quarter. UBS Group AG boosted its holdings in First Trust Rising Dividend Achievers ETF by 12.2% in the 3rd quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after purchasing an additional 624,936 shares during the last quarter. Prudential PLC acquired a new position in First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $32,762,000. Finally, BNP Paribas Financial Markets boosted its holdings in First Trust Rising Dividend Achievers ETF by 640.9% in the 4th quarter. BNP Paribas Financial Markets now owns 554,949 shares of the company’s stock valued at $38,552,000 after purchasing an additional 480,047 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $75.55 on Friday. The firm has a market capitalization of $22.19 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. The company’s 50-day moving average is $73.38 and its two-hundred day moving average is $71.52. First Trust Rising Dividend Achievers ETF has a 1-year low of $60.30 and a 1-year high of $77.12.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.1813 dividend. This represents a $0.73 annualized dividend and a yield of 1.0%. 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.