Cypress Wealth Services LLC Makes New $2.45 Million Investment in First Trust Rising Dividend Achievers ETF $RDVY

Cypress Wealth Services LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 35,280 shares of the company’s stock, valued at approximately $2,451,000.

Other hedge funds also recently made changes to their positions in the company. Ameriprise Financial Inc. grew its holdings in First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after acquiring an additional 957,587 shares during 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 worth $114,816,000 after purchasing an additional 725,742 shares during the last quarter. UBS Group AG increased its holdings in First Trust Rising Dividend Achievers ETF by 12.2% during the 3rd quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after purchasing an additional 624,936 shares during the period. Envestnet Asset Management Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 13.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after purchasing an additional 577,318 shares during the period. Finally, Prudential PLC bought a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter valued at approximately $32,762,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $66.68 on Friday. The stock has a market capitalization of $18.81 billion, a PE ratio of 15.46 and a beta of 1.10. The stock’s 50 day moving average price is $71.19 and its 200-day moving average price is $69.31. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $73.54.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th will be given a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend is Thursday, March 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.