Quantinno Capital Management LP Acquires 18,670 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Quantinno Capital Management LP lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 43.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,819 shares of the company’s stock after purchasing an additional 18,670 shares during the quarter. Quantinno Capital Management LP’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,221,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. LPL Financial LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% during the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after acquiring an additional 2,907,770 shares in the last quarter. Wells Fargo & Company MN increased its holdings in First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after purchasing an additional 1,076,558 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares during the period. Morgan Stanley lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after purchasing an additional 940,590 shares in the last quarter. Finally, Arax Advisory Partners bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $47,643,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $83.32 on Friday. The stock has a market capitalization of $25.55 billion, a P/E ratio of 15.46 and a beta of 1.00. The business has a 50-day moving average of $79.51 and a 200-day moving average of $74.76. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $63.58 and a fifty-two week high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.