Global Retirement Partners LLC Takes Position in First Trust Rising Dividend Achievers ETF $RDVY

Global Retirement Partners LLC bought a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 185,356 shares of the company’s stock, valued at approximately $11,629,000. Global Retirement Partners LLC owned 0.08% of First Trust Rising Dividend Achievers ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Compass Financial Services Inc acquired a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth about $26,000. Farmers & Merchants Investments Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter valued at about $26,000. SVB Wealth LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth about $29,000. Rise Advisors LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth about $31,000. Finally, Private Wealth Asset Management LLC increased its position in First Trust Rising Dividend Achievers ETF by 201.1% during the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after purchasing an additional 352 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 1.9%

Shares of RDVY stock opened at $66.25 on Monday. The stock has a market cap of $17.31 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $68.49. The firm’s 50 day moving average price is $66.96 and its two-hundred day moving average price is $64.34.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a $0.1487 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.59 annualized dividend and a 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.