Fairvoy Private Wealth LLC Invests $2.43 Million in First Trust Rising Dividend Achievers ETF $RDVY

Fairvoy Private Wealth LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 35,529 shares of the company’s stock, valued at approximately $2,426,000.

A number of other hedge funds also recently made changes to their positions in RDVY. Financial Perspectives Inc purchased a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter worth $26,000. Huntington National Bank raised 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 valued at $26,000 after purchasing an additional 370 shares in the last quarter. Trust Co. of Vermont purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $27,000. United Community Bank bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $36,000.

First Trust Rising Dividend Achievers ETF Trading Up 1.0%

RDVY opened at $79.75 on Friday. The stock has a market capitalization of $23.43 billion, a P/E ratio of 15.46 and a beta of 1.01. The stock has a 50-day moving average price of $75.76 and a 200-day moving average price of $72.63. First Trust Rising Dividend Achievers ETF has a 12-month low of $61.57 and a 12-month high of $80.28.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a $0.1474 dividend. The ex-dividend date is Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%.

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.