Uniting Wealth Partners LLC Acquires 46,438 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Uniting Wealth Partners LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 21.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 265,408 shares of the company’s stock after acquiring an additional 46,438 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for approximately 5.7% of Uniting Wealth Partners LLC’s portfolio, making the stock its 2nd largest position. Uniting Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $18,438,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Huntington National Bank increased its position in First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the last quarter. Financial Perspectives Inc acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $26,000. Trust Co. of Vermont acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $27,000. United Community Bank acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $36,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.1%

Shares of NASDAQ RDVY opened at $78.58 on Friday. The business’s 50 day moving average price is $74.31 and its two-hundred day moving average price is $71.92. The company has a market cap of $23.08 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a twelve month low of $60.30 and a twelve month high of $78.71.

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 given a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 0.9%. 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.