First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Sequent Asset Management LLC

Sequent Asset Management LLC lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 154.6% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 13,656 shares of the company’s stock after purchasing an additional 8,292 shares during the quarter. Sequent Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $919,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Russell Investments Group Ltd. boosted its holdings in First Trust Rising Dividend Achievers ETF by 11.4% during the first quarter. Russell Investments Group Ltd. now owns 4,231 shares of the company’s stock worth $248,000 after buying an additional 432 shares in the last quarter. Trexquant Investment LP grew its position in shares of First Trust Rising Dividend Achievers ETF by 6.2% in the first quarter. Trexquant Investment LP now owns 5,307 shares of the company’s stock valued at $311,000 after purchasing an additional 308 shares during the period. Royal Bank of Canada increased its stake in shares of First Trust Rising Dividend Achievers ETF by 3.5% during the first quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock worth $206,123,000 after purchasing an additional 118,032 shares in the last quarter. Focus Partners Advisor Solutions LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 92.2% during the first quarter. Focus Partners Advisor Solutions LLC now owns 11,142 shares of the company’s stock worth $652,000 after purchasing an additional 5,344 shares in the last quarter. Finally, AQR Capital Management LLC raised its position 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 Rising Dividend Achievers ETF Trading Down 0.3%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $70.16 on Wednesday. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $70.88. The firm has a market capitalization of $18.33 billion, a PE ratio of 15.46 and a beta of 1.10. The firm’s 50-day moving average price is $68.35 and its 200 day moving average price is $66.02.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.1996 dividend. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend is Friday, December 12th.

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.