First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Per Stirling Capital Management LLC.

Per Stirling Capital Management LLC. increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 46.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 213,917 shares of the company’s stock after buying an additional 68,189 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 1.7% of Per Stirling Capital Management LLC.’s holdings, making the stock its 14th biggest position. Per Stirling Capital Management LLC.’s holdings in First Trust Rising Dividend Achievers ETF were worth $14,388,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after acquiring an additional 12,820 shares during the period. Bank of Montreal Can grew its position in shares of First Trust Rising Dividend Achievers ETF by 3.4% during the second quarter. Bank of Montreal Can now owns 21,562 shares of the company’s stock worth $1,353,000 after acquiring an additional 709 shares during the last quarter. Moors & Cabot Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.4% in the 2nd quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock valued at $516,000 after acquiring an additional 194 shares during the period. Atlantic Union Bankshares Corp acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at $7,517,000. Finally, Walkner Condon Financial Advisors LLC raised its position in First Trust Rising Dividend Achievers ETF by 5.8% in the 2nd quarter. Walkner Condon Financial Advisors LLC now owns 144,587 shares of the company’s stock valued at $9,071,000 after purchasing an additional 7,900 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $69.55 on Friday. The stock has a market cap of $19.62 billion, a P/E ratio of 15.46 and a beta of 1.10. The firm has a fifty day moving average price of $71.97 and a 200 day moving average price of $68.95. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $73.54.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.1996 dividend. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%.

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.