GK Wealth Management LLC Makes New Investment in First Trust Rising Dividend Achievers ETF $RDVY

GK Wealth Management LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 9,809 shares of the company’s stock, valued at approximately $795,000.

A number of other hedge funds have also made changes to their positions in RDVY. AQR Capital Management LLC boosted its holdings 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 purchasing an additional 12,820 shares in the last quarter. First Trust Advisors LP raised its holdings in First Trust Rising Dividend Achievers ETF by 104.0% during the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after purchasing an additional 12,204 shares in the last quarter. Cerity Partners LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after buying an additional 1,561 shares during the last quarter. Betterment LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after buying an additional 7,892 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at $1,433,000.

First Trust Rising Dividend Achievers ETF Trading Up 1.8%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $83.20 on Wednesday. The company has a fifty day simple moving average of $79.04 and a 200-day simple moving average of $74.55. The stock has a market cap of $25.48 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12-month low of $63.12 and a 12-month high of $83.35.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.