GAMMA Investing LLC Buys Shares of 2,051 First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

GAMMA Investing LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,051 shares of the company’s stock, valued at approximately $105,000.

Several other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 4.5% during the 3rd quarter. LPL Financial LLC now owns 16,132,424 shares of the company’s stock worth $741,285,000 after purchasing an additional 689,605 shares during the last quarter. Morgan Stanley lifted its position in shares of First Trust Rising Dividend Achievers ETF by 8.1% during the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock worth $597,147,000 after purchasing an additional 969,819 shares during the last quarter. International Assets Investment Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 5,519.6% during the 4th quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock worth $341,824,000 after purchasing an additional 6,497,795 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock worth $299,856,000 after purchasing an additional 557,879 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 4.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,070,451 shares of the company’s stock worth $187,008,000 after purchasing an additional 187,162 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.1 %

Shares of RDVY opened at $54.24 on Monday. First Trust Rising Dividend Achievers ETF has a 12-month low of $42.42 and a 12-month high of $56.28. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 9.78 and a beta of 0.96. The stock’s 50-day moving average price is $54.14 and its 200 day moving average price is $50.79.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.2238 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.90 annualized dividend and a yield of 1.65%.

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.