Rise Advisors LLC Raises Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Rise Advisors LLC grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5,883.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 440,766 shares of the company’s stock after acquiring an additional 433,400 shares during the period. First Trust Rising Dividend Achievers ETF accounts for approximately 10.9% of Rise Advisors LLC’s holdings, making the stock its 2nd largest position. Rise Advisors LLC owned approximately 0.16% of First Trust Rising Dividend Achievers ETF worth $30,620,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RDVY. LPL Financial LLC grew its stake in First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after purchasing an additional 2,907,770 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after buying an additional 957,587 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the third quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after buying an additional 725,742 shares in the last quarter. UBS Group AG increased its holdings in First Trust Rising Dividend Achievers ETF by 12.2% during the third quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock worth $386,090,000 after buying an additional 624,936 shares during the last quarter. Finally, Prudential PLC bought a new stake in First Trust Rising Dividend Achievers ETF during the third quarter worth $32,762,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $76.70 on Wednesday. The firm has a 50-day moving average of $73.75 and a 200-day moving average of $71.71. First Trust Rising Dividend Achievers ETF has a one year low of $60.30 and a one year high of $77.60. The company has a market cap of $22.53 billion, a PE ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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