First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Comerica Bank

Comerica Bank lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 124,546 shares of the company’s stock after buying an additional 11,148 shares during the quarter. Comerica Bank owned 0.05% of First Trust Rising Dividend Achievers ETF worth $7,291,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. SVB Wealth LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at about $29,000. Atlantic Edge Private Wealth Management LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 224.0% during the 1st quarter. Atlantic Edge Private Wealth Management LLC now owns 674 shares of the company’s stock valued at $39,000 after buying an additional 466 shares during the period. Rossby Financial LCC purchased a new stake in First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $46,000. Fifth Third Bancorp increased its holdings in First Trust Rising Dividend Achievers ETF by 652.0% during the 1st quarter. Fifth Third Bancorp now owns 940 shares of the company’s stock worth $55,000 after purchasing an additional 815 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 35.5% during the 1st quarter. Hazlett Burt & Watson Inc. now owns 1,286 shares of the company’s stock worth $76,000 after purchasing an additional 337 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

RDVY stock opened at $65.84 on Thursday. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $66.05. The stock’s 50 day moving average is $63.59 and its two-hundred day moving average is $60.58. The company has a market capitalization of $16.06 billion, a PE ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a dividend of $0.1706 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.68 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.