Jane Street Group LLC Invests $935,000 in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Jane Street Group LLC acquired a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 15,803 shares of the company's stock, valued at approximately $935,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cullen Frost Bankers Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $25,000. Summit Investment Advisors Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 195.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. Graney & King LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $38,000. Finally, Sound Income Strategies LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at about $40,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.8%

First Trust Rising Dividend Achievers ETF stock traded down $0.50 during trading hours on Wednesday, hitting $60.16. 1,028,750 shares of the company traded hands, compared to its average volume of 851,357. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $64.63. The firm has a market cap of $14.01 billion, a P/E ratio of 14.58 and a beta of 1.15. The firm's 50-day simple moving average is $57.53 and its two-hundred day simple moving average is $60.02.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.2544 dividend. 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. This represents a $1.02 annualized dividend and a dividend yield of 1.69%.

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.