First Trust Rising Dividend Achievers ETF $RDVY is Guided Capital Wealth Management LLC’s 8th Largest Position

Guided Capital Wealth Management LLC lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 22.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 117,319 shares of the company’s stock after purchasing an additional 21,375 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 5.7% of Guided Capital Wealth Management LLC’s holdings, making the stock its 8th largest position. Guided Capital Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,150,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently 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 worth $1,819,000 after acquiring an additional 12,820 shares in the last quarter. Choreo LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 11.9% during the second quarter. Choreo LLC now owns 11,026 shares of the company’s stock valued at $692,000 after acquiring an additional 1,173 shares in the last quarter. Twin Peaks Wealth Advisors LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 5.7% during the second quarter. Twin Peaks Wealth Advisors LLC now owns 33,621 shares of the company’s stock valued at $2,181,000 after acquiring an additional 1,820 shares in the last quarter. CW Advisors LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter worth about $12,333,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 123.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 10,604 shares of the company’s stock worth $665,000 after purchasing an additional 5,856 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $68.28 on Wednesday. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $73.54. The firm’s 50-day moving average is $71.01 and its 200 day moving average is $69.35. The stock has a market cap of $19.27 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.1%.

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.