WPG Advisers LLC Purchases 14,963 Shares of First Trust Rising Dividend Achievers ETF $RDVY

WPG Advisers LLC boosted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1,670.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,859 shares of the company’s stock after acquiring an additional 14,963 shares during the period. First Trust Rising Dividend Achievers ETF accounts for 0.8% of WPG Advisers LLC’s investment portfolio, making the stock its 20th largest holding. WPG Advisers LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,102,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the stock. Chicago Partners Investment Group LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 4.1% in the fourth quarter. Chicago Partners Investment Group LLC now owns 15,239 shares of the company’s stock valued at $1,093,000 after acquiring an additional 603 shares during the last quarter. Barrett & Company Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 1.3% in the fourth quarter. Barrett & Company Inc. now owns 31,531 shares of the company’s stock valued at $2,190,000 after acquiring an additional 406 shares during the last quarter. Juno Financial Group LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $16,077,000. Financial Perspectives Inc bought a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $26,000. Finally, Kingswood Wealth Advisors LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 18.0% in the fourth quarter. Kingswood Wealth Advisors LLC now owns 76,600 shares of the company’s stock valued at $5,321,000 after acquiring an additional 11,710 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY stock opened at $74.66 on Friday. The business’s 50 day simple moving average is $70.97 and its 200 day simple moving average is $69.94. First Trust Rising Dividend Achievers ETF has a one year low of $55.63 and a one year high of $75.26. The stock has a market capitalization of $21.85 billion, a PE ratio of 15.46 and a beta of 1.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1813 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

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.