Concurrent Investment Advisors LLC Purchases 8,592 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Concurrent Investment Advisors LLC raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 346,073 shares of the company’s stock after buying an additional 8,592 shares during the period. Concurrent Investment Advisors LLC owned 0.11% of First Trust Rising Dividend Achievers ETF worth $28,053,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Huntington National Bank boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter valued at approximately $29,000. Anchor Investment Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the first quarter valued at approximately $34,000. Lloyd Advisory Services LLC. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $36,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $37,000.

First Trust Rising Dividend Achievers ETF Trading Up 1.0%

RDVY stock opened at $82.11 on Friday. The stock’s fifty day simple moving average is $81.32 and its two-hundred day simple moving average is $76.13. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.97 and a 1-year high of $84.02. The stock has a market cap of $25.18 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.