WPG Advisers LLC Has $1.54 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

WPG Advisers LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 42.2% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 22,554 shares of the company’s stock after purchasing an additional 6,695 shares during the period. First Trust Rising Dividend Achievers ETF comprises approximately 1.1% of WPG Advisers LLC’s portfolio, making the stock its 18th biggest position. WPG Advisers LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,540,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Huntington National Bank lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in 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. Financial Perspectives Inc bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $26,000. Trust Co. of Vermont bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $27,000. United Community Bank purchased a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $36,000.

First Trust Rising Dividend Achievers ETF Trading Down 1.1%

Shares of NASDAQ:RDVY opened at $78.86 on Thursday. The stock’s fifty day simple moving average is $76.78 and its two-hundred day simple moving average is $73.29. First Trust Rising Dividend Achievers ETF has a 1-year low of $61.84 and a 1-year high of $81.36. The stock has a market cap of $23.93 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 annualized dividend and a dividend 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.