First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Shares Sold by Opinicus Capital Inc.

Opinicus Capital Inc. reduced its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 8.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 17,027 shares of the company’s stock after selling 1,535 shares during the quarter. Opinicus Capital Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $997,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Sanchez Wealth Management Group lifted its holdings in First Trust Rising Dividend Achievers ETF by 2.2% in the first quarter. Sanchez Wealth Management Group now owns 195,146 shares of the company’s stock valued at $11,424,000 after acquiring an additional 4,217 shares during the last quarter. Ballew Advisors Inc purchased a new stake in First Trust Rising Dividend Achievers ETF in the first quarter valued at $413,000. GPS Wealth Strategies Group LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 96.8% in the 1st quarter. GPS Wealth Strategies Group LLC now owns 212,404 shares of the company’s stock valued at $12,434,000 after purchasing an additional 104,465 shares during the last quarter. Fifth Third Bancorp grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 652.0% during the 1st quarter. Fifth Third Bancorp now owns 940 shares of the company’s stock worth $55,000 after purchasing an additional 815 shares during the period. Finally, Arvest Investments Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 29.9% during the 1st quarter. Arvest Investments Inc. now owns 68,508 shares of the company’s stock worth $4,010,000 after purchasing an additional 15,756 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $61.41 on Friday. The stock has a market capitalization of $14.31 billion, a P/E ratio of 15.48 and a beta of 1.15. The firm’s 50-day moving average is $58.26 and its two-hundred day moving average is $59.88. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.2544 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.66%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19.

First Trust Rising Dividend Achievers ETF Company 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.