Y Intercept Hong Kong Ltd Has $2.33 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Y Intercept Hong Kong Ltd increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 38.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 34,618 shares of the company’s stock after acquiring an additional 9,535 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,328,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Ameriprise Financial Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after buying an additional 957,587 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 26.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock worth $271,583,000 after acquiring an additional 907,673 shares in the last quarter. Truist Financial Corp grew its position in First Trust Rising Dividend Achievers ETF by 44.3% during the 2nd quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock worth $88,082,000 after acquiring an additional 430,935 shares during the last quarter. Bank of America Corp DE increased its holdings in First Trust Rising Dividend Achievers ETF by 4.1% during the 2nd quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock valued at $410,135,000 after purchasing an additional 258,172 shares in the last quarter. Finally, Gladstone Institutional Advisory LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 102.6% in the third quarter. Gladstone Institutional Advisory LLC now owns 460,658 shares of the company’s stock worth $30,984,000 after purchasing an additional 233,305 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.2%

Shares of First Trust Rising Dividend Achievers ETF stock traded up $0.15 during trading on Wednesday, reaching $72.71. The company’s stock had a trading volume of 86,450 shares, compared to its average volume of 1,629,028. The stock has a 50-day moving average price of $70.15 and a two-hundred day moving average price of $67.36. The stock has a market capitalization of $20.39 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $73.11.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

First Trust Rising Dividend Achievers ETF 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.