Hilton Head Capital Partners LLC Buys New Position in First Trust Rising Dividend Achievers ETF $RDVY

Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 36,628 shares of the company’s stock, valued at approximately $2,545,000. First Trust Rising Dividend Achievers ETF makes up approximately 1.5% of Hilton Head Capital Partners LLC’s investment portfolio, making the stock its 12th largest holding.

A number of other institutional investors have also added to or reduced their stakes in RDVY. Financial Perspectives Inc acquired a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $26,000. Huntington National Bank raised its stake in First Trust Rising Dividend Achievers ETF by 37,000.0% during 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 period. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $27,000. United Community Bank purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $36,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $75.55 on Monday. The company has a market cap of $22.19 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 52 week low of $60.30 and a 52 week high of $77.12. The business has a 50 day moving average price of $73.38 and a 200-day moving average price of $71.56.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

First Trust Rising Dividend Achievers ETF 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.