MGO One Seven LLC Increases Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

MGO One Seven LLC raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 139.7% in the fourth quarter, Holdings Channel reports. The institutional investor owned 104,283 shares of the company’s stock after purchasing an additional 60,785 shares during the period. MGO One Seven LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,245,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after purchasing an additional 12,820 shares in the last quarter. First Trust Advisors LP boosted its position in First Trust Rising Dividend Achievers ETF by 104.0% during the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after purchasing an additional 12,204 shares in the last quarter. Cerity Partners LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 38.1% in the second 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 period. Betterment LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 19.4% in the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after purchasing an additional 7,892 shares during the period. Finally, Darwin Wealth Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY stock opened at $74.59 on Friday. The company has a market cap of $21.91 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. The stock has a 50 day simple moving average of $71.35 and a 200-day simple moving average of $70.45. First Trust Rising Dividend Achievers ETF has a 1-year low of $58.58 and a 1-year high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

About First Trust Rising Dividend Achievers ETF

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.