First Trust Rising Dividend Achievers ETF $RDVY Shares Bought by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,548,817 shares of the company’s stock after acquiring an additional 45,589 shares during the period. Janney Montgomery Scott LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $105,753,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Financial Perspectives Inc purchased a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $26,000. Huntington National Bank raised its position in First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares during the period. Trust Co. of Vermont acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $27,000. United Community Bank acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $36,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $79.29 on Friday. First Trust Rising Dividend Achievers ETF has a 1-year low of $61.84 and a 1-year high of $80.28. The company has a market capitalization of $23.29 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. The business has a 50-day moving average of $75.87 and a 200-day moving average of $72.67.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.