Trivium Point Advisory LLC Increases Stake in First Trust Rising Dividend Achievers ETF $RDVY

Trivium Point Advisory LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 131.3% in the 3rd quarter, Holdings Channel.com reports. The fund owned 93,894 shares of the company’s stock after buying an additional 53,297 shares during the quarter. Trivium Point Advisory LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,315,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in RDVY. AQR Capital Management LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after purchasing an additional 12,820 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at $1,574,000. Assetmark Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 119.2% in the 2nd quarter. Assetmark Inc. now owns 142,115 shares of the company’s stock worth $8,916,000 after buying an additional 77,283 shares during the last quarter. Savvy Advisors Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 4.3% in the 2nd quarter. Savvy Advisors Inc. now owns 18,053 shares of the company’s stock worth $1,133,000 after buying an additional 745 shares during the last quarter. Finally, Atria Investments Inc grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 127.2% in the second quarter. Atria Investments Inc now owns 180,582 shares of the company’s stock worth $11,330,000 after acquiring an additional 101,107 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $72.29 on Friday. The company has a market cap of $20.40 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The business’s 50-day moving average is $71.92 and its two-hundred day moving average is $68.73. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.54.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a $0.1996 dividend. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%.

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.