World Equity Group Inc. Boosts Holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

World Equity Group Inc. increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 42,801 shares of the company’s stock after buying an additional 3,703 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 0.7% of World Equity Group Inc.’s investment portfolio, making the stock its 29th largest position. World Equity Group Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,506,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Triumph Capital Management lifted its holdings in First Trust Rising Dividend Achievers ETF by 7.6% during the fourth quarter. Triumph Capital Management now owns 116,915 shares of the company’s stock valued at $6,914,000 after purchasing an additional 8,263 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 4.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 123,295 shares of the company’s stock valued at $7,292,000 after purchasing an additional 5,417 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 6.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,185,165 shares of the company’s stock valued at $70,091,000 after purchasing an additional 70,422 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 44.9% during the first quarter. Dynamic Advisor Solutions LLC now owns 6,890 shares of the company’s stock valued at $403,000 after purchasing an additional 2,136 shares in the last quarter. Finally, Paragon Private Wealth Management LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 7.6% during the fourth quarter. Paragon Private Wealth Management LLC now owns 12,984 shares of the company’s stock valued at $768,000 after purchasing an additional 914 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $60.65 on Friday. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $64.63. The company has a market capitalization of $14.43 billion, a P/E ratio of 14.82 and a beta of 1.09. The firm’s 50 day simple moving average is $59.06 and its two-hundred day simple moving average is $59.74.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.2544 dividend. This represents a $1.02 annualized dividend and a yield of 1.68%. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19.

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.