Trexquant Investment LP Acquires 308 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Trexquant Investment LP lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,307 shares of the company’s stock after purchasing an additional 308 shares during the quarter. Trexquant Investment LP’s holdings in First Trust Rising Dividend Achievers ETF were worth $311,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. LPL Financial LLC raised its position in First Trust Rising Dividend Achievers ETF by 11.2% during the first quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock worth $1,386,612,000 after acquiring an additional 2,379,430 shares in the last quarter. Raymond James Financial Inc. raised its position in First Trust Rising Dividend Achievers ETF by 9.7% during the first quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock worth $644,088,000 after acquiring an additional 971,388 shares in the last quarter. Commonwealth Equity Services LLC raised its position in First Trust Rising Dividend Achievers ETF by 7.7% during the first quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock worth $355,598,000 after acquiring an additional 434,447 shares in the last quarter. Envestnet Asset Management Inc. raised its position in First Trust Rising Dividend Achievers ETF by 10.8% during the first quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock worth $200,267,000 after acquiring an additional 334,330 shares in the last quarter. Finally, Royal Bank of Canada raised its position in First Trust Rising Dividend Achievers ETF by 11.3% during the fourth quarter. Royal Bank of Canada now owns 3,403,022 shares of the company’s stock worth $201,255,000 after acquiring an additional 344,216 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.4%

NASDAQ RDVY opened at $65.79 on Wednesday. The firm’s fifty day moving average price is $64.29 and its two-hundred day moving average price is $60.77. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $66.61. The firm has a market capitalization of $16.05 billion, a P/E ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.1706 per share. This represents a $0.68 annualized dividend and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 26th.

First Trust Rising Dividend Achievers ETF Company 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.