Hilton Head Capital Partners LLC Purchases New Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Hilton Head Capital Partners LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, Holdings Channel reports. The firm purchased 36,628 shares of the company’s stock, valued at approximately $2,545,000. First Trust Rising Dividend Achievers ETF comprises about 1.5% of Hilton Head Capital Partners LLC’s portfolio, making the stock its 12th largest position.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Quad Cities Investment Group LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 0.7% during the fourth quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after purchasing an additional 157 shares during the period. Allworth Financial LP grew its holdings in First Trust Rising Dividend Achievers ETF by 0.3% during the third quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after purchasing an additional 159 shares during the period. Insigneo Advisory Services LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 0.8% during the third quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after purchasing an additional 163 shares during the period. Proactive Wealth Strategies LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 0.3% during the third quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock valued at $4,315,000 after purchasing an additional 174 shares during the period. Finally, Acorn Wealth Advisors LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 3.7% in the fourth quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock worth $381,000 after purchasing an additional 197 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $75.55 on Monday. The company has a market capitalization of $22.19 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. The firm has a 50-day moving average price of $73.38 and a 200-day moving average price of $71.56. First Trust Rising Dividend Achievers ETF has a twelve month low of $60.30 and a twelve month high of $77.12.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.1813 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend yield of 1.0%.

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.