Royal Bank of Canada Increases Stake in First Trust Rising Dividend Achievers ETF $RDVY

Royal Bank of Canada increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,030,578 shares of the company’s stock after buying an additional 307,823 shares during the period. Royal Bank of Canada owned about 1.71% of First Trust Rising Dividend Achievers ETF worth $343,487,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Financial Perspectives Inc acquired a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $26,000. Huntington National Bank lifted its position 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 worth $26,000 after purchasing an additional 370 shares during the last quarter. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth $27,000. United Community Bank acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $28,000. Finally, Bessemer Group Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter valued at $29,000.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $79.81 on Thursday. The stock has a market cap of $24.36 billion, a PE ratio of 15.46 and a beta of 1.00. The stock’s fifty day moving average is $78.54 and its two-hundred day moving average is $74.28. First Trust Rising Dividend Achievers ETF has a 1-year low of $62.02 and a 1-year high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.