Tsfg LLC Purchases New Position in First Trust Rising Dividend Achievers ETF $RDVY

Tsfg LLC purchased a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 127,560 shares of the company’s stock, valued at approximately $8,862,000. First Trust Rising Dividend Achievers ETF makes up about 1.3% of Tsfg LLC’s investment portfolio, making the stock its 22nd largest holding.

Several other large investors have also recently added to or reduced their stakes in RDVY. AQR Capital Management LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after purchasing an additional 12,820 shares in the last quarter. First Trust Advisors LP increased its holdings in First Trust Rising Dividend Achievers ETF by 104.0% in the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock valued at $1,502,000 after purchasing an additional 12,204 shares in the last quarter. Cerity Partners LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 38.1% in the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock valued at $355,000 after purchasing an additional 1,561 shares in the last quarter. Betterment LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 19.4% in the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after purchasing an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at $1,433,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.4%

Shares of NASDAQ RDVY opened at $74.30 on Tuesday. First Trust Rising Dividend Achievers ETF has a 12-month low of $59.01 and a 12-month high of $75.75. The company has a market cap of $21.83 billion, a P/E ratio of 15.46 and a beta of 1.02. The stock has a fifty day moving average price of $71.41 and a 200 day moving average price of $70.55.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1813 dividend. This represents a $0.73 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.