JPMorgan Chase & Co. Has $114.82 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

JPMorgan Chase & Co. grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 74.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,707,049 shares of the company’s stock after purchasing an additional 725,742 shares during the quarter. JPMorgan Chase & Co. owned about 0.65% of First Trust Rising Dividend Achievers ETF worth $114,816,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in RDVY. First Horizon Corp bought a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $25,000. Cullen Frost Bankers Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth about $28,000. Mather Group LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $31,000. Quaker Wealth Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 200.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock valued at $36,000 after acquiring an additional 1,135 shares during the period. Finally, Collier Financial bought a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $41,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $73.12 on Monday. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $73.43. The stock has a market cap of $20.63 billion, a P/E ratio of 15.46 and a beta of 1.10. The firm has a 50 day moving average price of $71.64 and a 200 day moving average price of $68.50.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.1996 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.