266,200 Shares in First Trust Rising Dividend Achievers ETF $RDVY Purchased by Sentinel Advisory Group LLC

Sentinel Advisory Group LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 266,200 shares of the company’s stock, valued at approximately $18,176,000. First Trust Rising Dividend Achievers ETF accounts for approximately 8.9% of Sentinel Advisory Group LLC’s investment portfolio, making the stock its 2nd biggest holding. Sentinel Advisory Group LLC owned about 0.09% of First Trust Rising Dividend Achievers ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Cliftonlarsonallen Wealth Advisors LLC bought a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $743,000. O Connor Financial Group LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $10,958,000. Flagship Harbor Advisors LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 23.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 162,537 shares of the company’s stock valued at $11,291,000 after purchasing an additional 30,610 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter worth $628,000. Finally, J.W. Cole Advisors Inc. grew its position in First Trust Rising Dividend Achievers ETF by 16.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock worth $7,334,000 after purchasing an additional 14,615 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $79.98 on Friday. The firm’s 50-day moving average is $78.14 and its 200-day moving average is $74.09. The company has a market cap of $24.39 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 52-week low of $62.02 and a 52-week high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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.