Park National Corp OH Increases Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Park National Corp OH boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 378,101 shares of the company’s stock after acquiring an additional 16,637 shares during the quarter. Park National Corp OH owned 0.13% of First Trust Rising Dividend Achievers ETF worth $25,817,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in RDVY. LPL Financial LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after purchasing an additional 2,907,770 shares during the last quarter. Morgan Stanley raised its stake 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 worth $1,400,025,000 after purchasing an additional 940,590 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 2.2% in the fourth quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock worth $784,018,000 after purchasing an additional 243,585 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.6% during the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after purchasing an additional 1,076,558 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock valued at $523,914,000 after purchasing an additional 716,800 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $79.15 on Friday. First Trust Rising Dividend Achievers ETF has a one year low of $60.30 and a one year 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 business’s fifty day moving average is $75.24 and its 200 day moving average is $72.31.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.