Rubicon Advisors GP Purchases Shares of 19,447 First Trust Rising Dividend Achievers ETF $RDVY

Rubicon Advisors GP acquired a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,447 shares of the company’s stock, valued at approximately $1,351,000. First Trust Rising Dividend Achievers ETF comprises about 1.2% of Rubicon Advisors GP’s holdings, making the stock its 20th largest holding.

Several other large investors have also recently modified their holdings of RDVY. LPL Financial LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after acquiring an additional 2,907,770 shares in the last quarter. Morgan Stanley increased its position in shares of First Trust Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after purchasing an additional 940,590 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF by 2.2% during the fourth quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock worth $784,018,000 after purchasing an additional 243,585 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after purchasing an additional 1,076,558 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock valued at $523,914,000 after purchasing an additional 716,800 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $79.15 on Friday. First Trust Rising Dividend Achievers ETF has a 1-year low of $60.30 and a 1-year high of $80.05. The business has a fifty day moving average price of $75.24 and a 200-day moving average price of $72.31. The stock has a market capitalization of $23.25 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01.

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 paid a $0.1813 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a yield of 0.9%.

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.