Sequent Planning LLC Purchases 14,755 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Sequent Planning LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 77.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,686 shares of the company’s stock after acquiring an additional 14,755 shares during the period. Sequent Planning LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,340,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. AQR Capital Management LLC raised its stake in First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after acquiring an additional 12,820 shares during the period. First Trust Advisors LP raised its stake in First Trust Rising Dividend Achievers ETF by 104.0% during the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after acquiring an additional 12,204 shares during the period. Cerity Partners LLC raised its stake in First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after acquiring an additional 1,561 shares during the period. Betterment LLC raised its stake in First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after acquiring an additional 7,892 shares during the period. Finally, Darwin Wealth Management LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $73.64 on Monday. First Trust Rising Dividend Achievers ETF has a 12 month low of $59.01 and a 12 month high of $75.75. The stock has a market cap of $21.63 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. The company’s 50 day moving average is $71.58 and its two-hundred day moving average is $70.73.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.1813 per share. 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 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.