Diversify Wealth Management LLC Invests $514,000 in First Trust Rising Dividend Achievers ETF $RDVY

Diversify Wealth Management LLC purchased a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 6,935 shares of the company’s stock, valued at approximately $514,000.

Other large investors have also recently bought and sold shares of the company. AQR Capital Management LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 70.2% during the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after purchasing an additional 12,820 shares during the last quarter. First Trust Advisors LP raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 104.0% during the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock valued at $1,502,000 after buying an additional 12,204 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after acquiring an additional 1,561 shares during the last quarter. Betterment LLC boosted its position in First Trust Rising Dividend Achievers ETF by 19.4% during the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after buying an additional 7,892 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.6%

Shares of NASDAQ RDVY opened at $80.00 on Friday. The firm has a market capitalization of $24.31 billion, a PE ratio of 15.46 and a beta of 1.00. The firm has a fifty day simple moving average of $77.55 and a two-hundred day simple moving average of $73.74. First Trust Rising Dividend Achievers ETF has a 12 month low of $62.02 and a 12 month high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.