World Investment Advisors Has $11.03 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

World Investment Advisors raised its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 31.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 158,704 shares of the company’s stock after purchasing an additional 37,803 shares during the quarter. World Investment Advisors’ holdings in First Trust Rising Dividend Achievers ETF were worth $11,025,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. AQR Capital Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after buying an additional 12,820 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 104.0% in the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock valued at $1,502,000 after purchasing an additional 12,204 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock valued at $355,000 after purchasing an additional 1,561 shares during the last quarter. Betterment LLC increased its position in First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.2%

NASDAQ RDVY opened at $74.66 on Friday. The company has a market cap of $21.85 billion, a price-to-earnings ratio of 15.46 and a beta of 1.03. The business’s fifty day moving average is $70.97 and its 200 day moving average is $69.94. First Trust Rising Dividend Achievers ETF has a twelve month low of $55.63 and a twelve month high of $75.26.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.