Peak Planning Group LLC Acquires New Position in First Trust Rising Dividend Achievers ETF $RDVY

Peak Planning Group LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 188,585 shares of the company’s stock, valued at approximately $13,101,000. First Trust Rising Dividend Achievers ETF accounts for approximately 3.7% of Peak Planning Group LLC’s portfolio, making the stock its 7th biggest position. Peak Planning Group LLC owned approximately 0.07% of First Trust Rising Dividend Achievers ETF at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RDVY. LPL Financial LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after acquiring an additional 2,907,770 shares during the period. Wells Fargo & Company MN grew its stake 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. Ameriprise Financial Inc. grew 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 valued at $442,526,000 after acquiring an additional 957,587 shares during the period. JPMorgan Chase & Co. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 74.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after acquiring an additional 725,742 shares during the period. Finally, UBS Group AG grew its stake in shares of First Trust Rising Dividend Achievers ETF by 12.2% during the 3rd quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after acquiring an additional 624,936 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 1.1%

Shares of NASDAQ:RDVY opened at $78.58 on Friday. The stock has a 50 day moving average of $74.31 and a 200 day moving average of $71.92. The company has a market cap of $23.08 billion, a PE ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 12-month low of $60.30 and a 12-month high of $78.71.

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 issued a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis 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.