Flagship Harbor Advisors LLC Grows Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Flagship Harbor Advisors LLC raised its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 23.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 162,537 shares of the company’s stock after buying an additional 30,610 shares during the quarter. Flagship Harbor Advisors LLC owned about 0.06% of First Trust Rising Dividend Achievers ETF worth $11,291,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in RDVY. First Horizon Corp purchased a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $25,000. Trust Co. of Vermont purchased a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $27,000. Cullen Frost Bankers Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $28,000. Mather Group LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $31,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $38,000.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $69.51 on Tuesday. The stock has a 50-day moving average of $70.76 and a two-hundred day moving average of $69.42. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $73.54. The stock has a market cap of $20.20 billion, a PE ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.1813 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%.

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.