WPG Advisers LLC Acquires 14,963 Shares of First Trust Rising Dividend Achievers ETF $RDVY

WPG Advisers LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1,670.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,859 shares of the company’s stock after acquiring an additional 14,963 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 0.8% of WPG Advisers LLC’s holdings, making the stock its 20th biggest position. WPG Advisers LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,102,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Raymond James Financial Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 1.8% during the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock worth $702,780,000 after acquiring an additional 198,938 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 10.1% in the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock valued at $523,914,000 after buying an additional 716,800 shares in the last quarter. Bank of America Corp DE grew its stake in shares of First Trust Rising Dividend Achievers ETF by 7.0% in the third quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock valued at $470,303,000 after buying an additional 455,258 shares in the last quarter. UBS Group AG grew its stake in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the third quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after buying an additional 624,936 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after buying an additional 577,318 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.2%

NASDAQ:RDVY opened at $74.66 on Friday. First Trust Rising Dividend Achievers ETF has a 1-year low of $55.63 and a 1-year high of $75.26. The firm has a fifty day simple moving average of $70.97 and a 200 day simple moving average of $69.94. The stock has a market capitalization of $21.85 billion, a PE ratio of 15.46 and a beta of 1.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend yield of 1.0%.

About First Trust Rising Dividend Achievers ETF

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.