First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Truist Financial Corp

Truist Financial Corp increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 1,626,177 shares of the company’s stock after acquiring an additional 33,282 shares during the period. Truist Financial Corp’s holdings in First Trust Rising Dividend Achievers ETF were worth $112,970,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in RDVY. Balefire LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 32.1% during the fourth quarter. Balefire LLC now owns 39,521 shares of the company’s stock worth $2,746,000 after purchasing an additional 9,594 shares during the period. Ashton Thomas Private Wealth LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 27.6% in the third quarter. Ashton Thomas Private Wealth LLC now owns 34,134 shares of the company’s stock valued at $2,296,000 after purchasing an additional 7,379 shares during the last quarter. Atria Investments Inc lifted its stake in First Trust Rising Dividend Achievers ETF by 7.1% in the third quarter. Atria Investments Inc now owns 193,425 shares of the company’s stock valued at $13,010,000 after buying an additional 12,843 shares during the period. Cozad Asset Management Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 9.3% during the third quarter. Cozad Asset Management Inc. now owns 108,125 shares of the company’s stock worth $7,272,000 after buying an additional 9,181 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. boosted its holdings in First Trust Rising Dividend Achievers ETF by 15.9% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 80,000 shares of the company’s stock worth $5,381,000 after buying an additional 11,000 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.6%

First Trust Rising Dividend Achievers ETF stock opened at $73.80 on Tuesday. The firm has a market capitalization of $21.68 billion, a P/E ratio of 15.46 and a beta of 1.02. The business has a 50-day moving average of $71.21 and a 200-day moving average of $70.27. First Trust Rising Dividend Achievers ETF has a 1 year low of $57.73 and a 1 year high of $75.26.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company 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. The ex-dividend date was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%.

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.