World Investment Advisors Has $11.53 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

World Investment Advisors boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 168,923 shares of the company’s stock after acquiring an additional 10,219 shares during the quarter. World Investment Advisors owned 0.06% of First Trust Rising Dividend Achievers ETF worth $11,534,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVY. AQR Capital Management LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 70.2% during the 1st 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. First Trust Advisors LP lifted its stake 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 during the last quarter. Cerity Partners LLC lifted its stake 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 during the last quarter. Betterment LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 19.4% during the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares during the period. Finally, Darwin Wealth Management LLC bought a new position in First Trust Rising Dividend Achievers ETF during the second quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $80.14 on Friday. The business’s 50 day moving average price is $76.49 and its two-hundred day moving average price is $73.05. The company has a market cap of $24.13 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a twelve month low of $61.84 and a twelve month high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1474 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%.

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.