First Trust Rising Dividend Achievers ETF $RDVY Shares Bought by PKS Advisory Services LLC

PKS Advisory Services LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 40.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 43,480 shares of the company’s stock after acquiring an additional 12,466 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 0.7% of PKS Advisory Services LLC’s holdings, making the stock its 25th biggest holding. PKS Advisory Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,021,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of RDVY. AQR Capital Management LLC lifted its position in First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after buying an additional 12,820 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 104.0% in the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock valued at $1,502,000 after buying an additional 12,204 shares during the period. Cerity Partners LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock valued at $355,000 after buying an additional 1,561 shares during the period. Betterment LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 19.4% in the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after buying an additional 7,892 shares during the period. Finally, Darwin Wealth Management LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at about $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $73.80 on Tuesday. The stock has a 50-day simple moving average of $71.21 and a 200-day simple moving average of $70.27. The stock has a market capitalization of $21.68 billion, a PE ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 1 year low of $57.73 and a 1 year high of $75.26.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.