First Citizens Bank & Trust Co. Invests $634,000 in First Trust Rising Dividend Achievers ETF $RDVY

First Citizens Bank & Trust Co. purchased a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 10,102 shares of the company’s stock, valued at approximately $634,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Farmers & Merchants Investments Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the second quarter worth about $26,000. Compass Financial Services Inc purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at approximately $26,000. SVB Wealth LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at approximately $29,000. Rise Advisors LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at approximately $31,000. Finally, Private Wealth Asset Management LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after purchasing an additional 352 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.4%

Shares of RDVY opened at $67.64 on Friday. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $68.11. The stock’s 50 day moving average is $66.38 and its two-hundred day moving average is $62.70. The firm has a market capitalization of $17.57 billion, a PE ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.1487 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.