First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Oppenheimer & Co. Inc.

Oppenheimer & Co. Inc. boosted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.4% during the third quarter, Holdings Channel.com reports. The fund owned 277,076 shares of the company’s stock after purchasing an additional 9,229 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $21,692,000 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 RDVY. Bank of America Corp DE grew its position in First Trust Rising Dividend Achievers ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after acquiring an additional 219,060 shares during the period. Envestnet Asset Management Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 1.6% during the second quarter. Envestnet Asset Management Inc. now owns 5,503,234 shares of the company’s stock worth $446,092,000 after acquiring an additional 86,684 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 6.5% in the 1st quarter. Royal Bank of Canada now owns 5,030,578 shares of the company’s stock worth $343,487,000 after purchasing an additional 307,823 shares during the period. Cetera Investment Advisers raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 8.0% in the 1st quarter. Cetera Investment Advisers now owns 4,044,145 shares of the company’s stock worth $276,134,000 after purchasing an additional 299,620 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after purchasing an additional 379,961 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $79.07 on Tuesday. The firm has a market capitalization of $25.34 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.99 and a 1-year high of $84.02. The business’s 50-day simple moving average is $80.34 and its 200-day simple moving average is $76.22.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1521 dividend. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. This represents a $0.61 annualized dividend and a yield of 0.8%.

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.