Sanchez Wealth Management Group Has $22.33 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Sanchez Wealth Management Group boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 57.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 321,361 shares of the company’s stock after buying an additional 117,501 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 4.8% of Sanchez Wealth Management Group’s investment portfolio, making the stock its 11th largest position. Sanchez Wealth Management Group owned about 0.11% of First Trust Rising Dividend Achievers ETF worth $22,325,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in RDVY. Ameriprise Financial Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after purchasing an additional 725,742 shares in the last quarter. UBS Group AG boosted its position in 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 worth $386,090,000 after buying an additional 624,936 shares during the period. Envestnet Asset Management Inc. boosted its position in First Trust Rising Dividend Achievers ETF by 13.3% during the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock worth $329,979,000 after buying an additional 577,318 shares during the period. Finally, Prudential PLC acquired a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $32,762,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $74.59 on Monday. The firm’s 50 day simple moving average is $71.35 and its 200 day simple moving average is $70.45. First Trust Rising Dividend Achievers ETF has a one year low of $58.58 and a one year high of $75.75. The company has a market cap of $21.91 billion, a PE ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1813 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

First Trust Rising Dividend Achievers ETF 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.