Napier Financial LLC Buys New Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Napier Financial LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 219,623 shares of the company’s stock, valued at approximately $15,257,000. First Trust Rising Dividend Achievers ETF accounts for 3.8% of Napier Financial LLC’s holdings, making the stock its 7th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. AQR Capital Management LLC raised its stake in 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 valued at $1,819,000 after purchasing an additional 12,820 shares during the period. First Trust Advisors LP raised its stake in First Trust Rising Dividend Achievers ETF by 104.0% during the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock valued at $1,502,000 after purchasing an additional 12,204 shares during the period. Cerity Partners LLC raised its stake in First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd 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 raised its stake in First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd 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 bought a new stake in First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $75.55 on Monday. The business’s 50 day moving average is $73.38 and its 200 day moving average is $71.56. The company has a market capitalization of $22.19 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 12-month low of $60.30 and a 12-month high of $77.12.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.1813 per share. 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.