Everest Financial Group LLC Takes $1.90 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Everest Financial Group LLC bought a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 27,750 shares of the company’s stock, valued at approximately $1,895,000.

A number of other hedge funds have also recently added to or reduced their stakes in RDVY. LPL Financial LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after buying an additional 2,907,770 shares during the last quarter. Wells Fargo & Company MN grew its position in shares of First Trust Rising Dividend Achievers ETF by 10.6% during the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after acquiring an additional 1,076,558 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after acquiring an additional 957,587 shares during the last quarter. Morgan Stanley grew its position in shares of First Trust Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after acquiring an additional 940,590 shares during the last quarter. Finally, Arax Advisory Partners acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $47,643,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $79.98 on Friday. The company has a fifty day moving average price of $78.14 and a 200 day moving average price of $74.09. First Trust Rising Dividend Achievers ETF has a 12 month low of $62.02 and a 12 month high of $81.36. 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 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%.

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.