Quantinno Capital Management LP Acquires 18,670 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Quantinno Capital Management LP boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 43.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,819 shares of the company’s stock after buying an additional 18,670 shares during the period. Quantinno Capital Management LP’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of RDVY. Gateway Wealth Partners LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 91.7% during the 1st quarter. Gateway Wealth Partners LLC now owns 249,140 shares of the company’s stock worth $17,011,000 after acquiring an additional 119,193 shares during the period. Everest Financial Group LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $1,895,000. Waverly Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $246,000. Sentinel Advisory Group LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $18,176,000. Finally, Renaissance Technologies LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 51.4% during the first quarter. Renaissance Technologies LLC now owns 72,200 shares of the company’s stock worth $4,930,000 after purchasing an additional 24,500 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.1%

NASDAQ RDVY opened at $83.32 on Friday. The stock has a 50-day simple moving average of $79.51 and a 200 day simple moving average of $74.76. The company has a market capitalization of $25.55 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $63.58 and a 12 month high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.1474 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis 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.