First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Shares Acquired by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 80.4% during the first quarter, HoldingsChannel.com reports. The fund owned 230,287 shares of the company’s stock after buying an additional 102,667 shares during the period. Geneos Wealth Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $13,481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of RDVY. LPL Financial LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 11.2% during the first quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after buying an additional 2,379,430 shares in the last quarter. Leigh Baldwin & CO. LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at $132,464,000. Ameriprise Financial Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 30.0% during the fourth quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock valued at $362,832,000 after buying an additional 1,417,024 shares in the last quarter. Janney Montgomery Scott LLC grew its stake in First Trust Rising Dividend Achievers ETF by 91.0% in the first quarter. Janney Montgomery Scott LLC now owns 1,274,557 shares of the company’s stock valued at $74,613,000 after purchasing an additional 607,354 shares in the last quarter. Finally, Royal Bank of Canada grew its stake in First Trust Rising Dividend Achievers ETF by 11.3% in the fourth quarter. Royal Bank of Canada now owns 3,403,022 shares of the company’s stock valued at $201,255,000 after purchasing an additional 344,216 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $64.19 on Tuesday. The business’s 50-day moving average price is $61.91 and its two-hundred day moving average price is $60.21. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $64.63. The company has a market capitalization of $15.63 billion, a P/E ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a $0.1706 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.68 dividend on an annualized basis and a yield of 1.06%.

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.