Northwestern Mutual Wealth Management Co. Has $283.11 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Northwestern Mutual Wealth Management Co. grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 12.2% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,492,637 shares of the company’s stock after acquiring an additional 379,961 shares during the quarter. Northwestern Mutual Wealth Management Co. owned 1.14% of First Trust Rising Dividend Achievers ETF worth $283,113,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Huntington National Bank lifted its holdings in shares of 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 valued at $26,000 after purchasing an additional 370 shares in the last quarter. Bessemer Group Inc. bought a new position in First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $29,000. Anchor Investment Management LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $34,000. Lloyd Advisory Services LLC. acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $36,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $37,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $81.45 on Tuesday. The business’s 50-day moving average price is $81.18 and its two-hundred day moving average price is $75.93. First Trust Rising Dividend Achievers ETF has a 1 year low of $64.75 and a 1 year high of $84.02. The company has a market capitalization of $24.98 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.