Fifth Third Bancorp Grows Stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Fifth Third Bancorp raised its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 652.0% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 940 shares of the company’s stock after purchasing an additional 815 shares during the period. Fifth Third Bancorp’s holdings in First Trust Rising Dividend Achievers ETF were worth $55,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Triumph Capital Management grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.6% during the fourth quarter. Triumph Capital Management now owns 116,915 shares of the company’s stock worth $6,914,000 after buying an additional 8,263 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 4.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 123,295 shares of the company’s stock worth $7,292,000 after purchasing an additional 5,417 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 6.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,185,165 shares of the company’s stock worth $70,091,000 after buying an additional 70,422 shares in the last quarter. Paragon Private Wealth Management LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 7.6% during the fourth quarter. Paragon Private Wealth Management LLC now owns 12,984 shares of the company’s stock worth $768,000 after purchasing an additional 914 shares during the last quarter. Finally, Intellus Advisors LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth $18,380,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.0%

Shares of NASDAQ:RDVY opened at $60.65 on Friday. The company has a market capitalization of $14.43 billion, a P/E ratio of 14.82 and a beta of 1.09. The stock’s fifty day simple moving average is $59.06 and its 200-day simple moving average is $59.74. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.68%. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 27th.

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.