Darwin Wealth Management LLC Acquires 7,427 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Darwin Wealth Management LLC raised its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 31.8% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,817 shares of the company’s stock after buying an additional 7,427 shares during the period. Darwin Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,104,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. LPL Financial LLC lifted its holdings 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 boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.9% during the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after buying an additional 940,590 shares during the period. Raymond James Financial Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 2.2% in the 4th quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock valued at $784,018,000 after buying an additional 243,585 shares during the last quarter. Wells Fargo & Company MN raised its holdings in First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after acquiring an additional 1,076,558 shares during the period. Finally, Ameriprise Financial Inc. lifted its position in 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 worth $523,914,000 after acquiring an additional 716,800 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.6%

Shares of NASDAQ RDVY opened at $80.30 on Friday. The firm has a market cap of $24.36 billion, a P/E ratio of 15.46 and a beta of 1.00. The business’s 50 day moving average is $77.01 and its 200-day moving average is $73.41. First Trust Rising Dividend Achievers ETF has a 1-year low of $61.84 and a 1-year high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given 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 yield of 0.7%.

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.