Atlantic Edge Private Wealth Management LLC Has $39,000 Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Atlantic Edge Private Wealth Management LLC increased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 224.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 674 shares of the company’s stock after purchasing an additional 466 shares during the quarter. Atlantic Edge Private Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $39,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 195.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock worth $26,000 after purchasing an additional 293 shares during the period. Graney & King LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $38,000. Finally, Rossby Financial LCC acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth about $46,000.

First Trust Rising Dividend Achievers ETF Trading Down 1.4%

First Trust Rising Dividend Achievers ETF stock opened at $62.61 on Friday. The firm has a market capitalization of $15.04 billion, a P/E ratio of 14.82 and a beta of 1.15. The business has a 50-day moving average of $60.50 and a 200-day moving average of $59.77. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $64.63.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were issued a dividend of $0.1706 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.09%. The ex-dividend date was Thursday, June 26th.

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.