Rubicon Advisors GP Purchases Shares of 19,447 First Trust Rising Dividend Achievers ETF $RDVY

Rubicon Advisors GP purchased a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 19,447 shares of the company’s stock, valued at approximately $1,351,000. First Trust Rising Dividend Achievers ETF comprises approximately 1.2% of Rubicon Advisors GP’s holdings, making the stock its 20th largest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after acquiring an additional 12,820 shares during the period. First Trust Advisors LP grew 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 last quarter. Cerity Partners LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second 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 shares of First Trust Rising Dividend Achievers ETF by 19.4% in the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the second quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $79.15 on Friday. The stock has a 50-day moving average price of $75.24 and a 200 day moving average price of $72.31. The company has a market capitalization of $23.25 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 52 week low of $60.30 and a 52 week high of $80.05.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a $0.1813 dividend. This represents a $0.73 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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.