Napier Financial LLC Makes New Investment in First Trust Rising Dividend Achievers ETF $RDVY

Napier Financial LLC bought a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 219,623 shares of the company’s stock, valued at approximately $15,257,000. First Trust Rising Dividend Achievers ETF comprises about 3.8% of Napier Financial LLC’s investment portfolio, making the stock its 7th largest position. Napier Financial LLC owned about 0.08% of First Trust Rising Dividend Achievers ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of RDVY. AQR Capital Management LLC boosted its position in 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 worth $1,819,000 after purchasing an additional 12,820 shares during the last quarter. First Trust Advisors LP lifted its position in shares of 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 valued at $1,502,000 after buying an additional 12,204 shares in the last quarter. Cerity Partners LLC lifted its position in shares of 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 valued at $355,000 after buying an additional 1,561 shares in the last quarter. Betterment LLC lifted its position in shares of 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 valued at $3,041,000 after buying an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at about $1,433,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $75.55 on Monday. First Trust Rising Dividend Achievers ETF has a twelve month low of $60.30 and a twelve month high of $77.12. The stock has a market cap of $22.19 billion, a P/E ratio of 15.46 and a beta of 1.01. The business’s 50-day moving average price is $73.38 and its 200-day moving average price is $71.56.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

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.