Claris Financial LLC Invests $4.03 Million in First Trust Rising Dividend Achievers ETF $RDVY

Claris Financial LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 4th quarter, Holdings Channel reports. The firm purchased 58,045 shares of the company’s stock, valued at approximately $4,032,000. First Trust Rising Dividend Achievers ETF comprises approximately 2.1% of Claris Financial LLC’s holdings, making the stock its 9th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Balefire LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 32.1% in the 4th quarter. Balefire LLC now owns 39,521 shares of the company’s stock valued at $2,746,000 after purchasing an additional 9,594 shares during the last quarter. Cozad Asset Management Inc. increased its position in First Trust Rising Dividend Achievers ETF by 9.3% during the third quarter. Cozad Asset Management Inc. now owns 108,125 shares of the company’s stock worth $7,272,000 after buying an additional 9,181 shares during the last quarter. Genesis Private Wealth LLC raised its stake in First Trust Rising Dividend Achievers ETF by 7.1% in the fourth quarter. Genesis Private Wealth LLC now owns 112,076 shares of the company’s stock valued at $7,786,000 after buying an additional 7,444 shares during the period. Cliftonlarsonallen Wealth Advisors LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $743,000. Finally, Citigroup Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 4.7% in the third quarter. Citigroup Inc. now owns 364,681 shares of the company’s stock valued at $24,528,000 after buying an additional 16,507 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $79.15 on Friday. The business has a fifty day simple moving average of $75.10 and a two-hundred day simple moving average of $72.26. First Trust Rising Dividend Achievers ETF has a 1 year low of $60.30 and a 1 year high of $80.05. 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 Cuts Dividend

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

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.