Parallel Advisors LLC Grows Stake in First Trust Rising Dividend Achievers ETF $RDVY

Parallel Advisors LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 459.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 12,111 shares of the company’s stock after purchasing an additional 9,945 shares during the quarter. Parallel Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $827,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Financial Perspectives Inc acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $26,000. Huntington National Bank lifted its position in First Trust Rising Dividend Achievers ETF by 37,000.0% during the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after acquiring an additional 370 shares in the last quarter. United Community Bank purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $28,000. Bessemer Group Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter worth approximately $29,000. Finally, Anchor Investment Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $34,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

Shares of NASDAQ:RDVY opened at $83.32 on Friday. The company has a market capitalization of $25.55 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The company has a 50 day moving average of $79.51 and a two-hundred day moving average of $74.76. First Trust Rising Dividend Achievers ETF has a 52-week low of $63.58 and a 52-week high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.