Citigroup Inc. Purchases 16,507 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Citigroup Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 364,681 shares of the company’s stock after purchasing an additional 16,507 shares during the period. Citigroup Inc. owned about 0.14% of First Trust Rising Dividend Achievers ETF worth $24,528,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVY. AQR Capital Management LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after acquiring an additional 12,820 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at $1,574,000. Rossby Financial LCC raised its position in First Trust Rising Dividend Achievers ETF by 103.5% in the 2nd quarter. Rossby Financial LCC now owns 1,640 shares of the company’s stock valued at $103,000 after purchasing an additional 834 shares during the last quarter. Quaker Wealth Management LLC raised its position in 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 purchasing an additional 1,135 shares during the last quarter. Finally, World Investment Advisors boosted its stake in First Trust Rising Dividend Achievers ETF by 21.3% in the second quarter. World Investment Advisors now owns 115,789 shares of the company’s stock worth $7,265,000 after purchasing an additional 20,298 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $73.19 on Friday. The business has a fifty day moving average of $71.87 and a 200-day moving average of $68.68. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $73.54. The firm has a market cap of $20.65 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.