Worthington Financial Partners LLC Makes New Investment in First Trust Rising Dividend Achievers ETF $RDVY

Worthington Financial Partners LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 22,176 shares of the company’s stock, valued at approximately $1,541,000. First Trust Rising Dividend Achievers ETF accounts for approximately 1.4% of Worthington Financial Partners LLC’s investment portfolio, making the stock its 19th biggest position.

Several other institutional investors have also recently made changes to their positions in RDVY. AQR Capital Management LLC grew its position in First Trust Rising Dividend Achievers ETF by 70.2% during the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after buying an additional 12,820 shares during the period. First Trust Advisors LP raised its position in shares of First Trust Rising Dividend Achievers ETF by 104.0% in the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after acquiring an additional 12,204 shares during the period. Cerity Partners LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after acquiring an additional 1,561 shares during the period. Betterment LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after acquiring an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 2nd quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $79.15 on Friday. First Trust Rising Dividend Achievers ETF has a 52 week low of $60.30 and a 52 week high of $80.05. The stock has a market capitalization of $23.25 billion, a PE ratio of 15.46 and a beta of 1.01. The stock’s 50-day moving average price is $75.24 and its 200-day moving average price is $72.31.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.1813 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a yield of 0.9%.

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.