Renaissance Technologies LLC Increases Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Renaissance Technologies LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 51.4% during the first quarter, HoldingsChannel reports. The firm owned 72,200 shares of the company’s stock after purchasing an additional 24,500 shares during the quarter. Renaissance Technologies LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,930,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. LPL Financial LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 10.5% during the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after buying an additional 2,907,770 shares during the last quarter. Morgan Stanley boosted its stake in First Trust Rising Dividend Achievers ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after acquiring an additional 940,590 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 2.2% during the 4th quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock valued at $784,018,000 after acquiring an additional 243,585 shares during the period. Wells Fargo & Company MN grew its position in shares of First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after acquiring an additional 1,076,558 shares during the period. Finally, Ameriprise Financial Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after purchasing an additional 957,587 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.1%

NASDAQ:RDVY opened at $83.22 on Friday. The stock has a market capitalization of $25.52 billion, a PE ratio of 15.46 and a beta of 1.00. The firm’s 50 day moving average is $79.35 and its 200 day moving average is $74.70. First Trust Rising Dividend Achievers ETF has a 12 month low of $63.28 and a 12 month high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.