Citadel Advisors LLC Purchases 14,648 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Citadel Advisors LLC lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY - Free Report) by 38.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,401 shares of the company's stock after buying an additional 14,648 shares during the period. Citadel Advisors LLC's holdings in First Trust Rising Dividend Achievers ETF were worth $3,099,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Triumph Capital Management boosted its position 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 during the last quarter. Next Level Private LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 6.2% in the fourth quarter. Next Level Private LLC now owns 262,333 shares of the company's stock worth $15,514,000 after buying an additional 15,253 shares during the last quarter. Aspire Capital Advisors LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 3.7% in the fourth quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company's stock worth $12,649,000 after buying an additional 7,558 shares during the last quarter. Hidden Cove Wealth Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $4,219,000. Finally, Oppenheimer & Co. Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.6% during the 4th quarter. Oppenheimer & Co. Inc. now owns 123,295 shares of the company's stock valued at $7,292,000 after acquiring an additional 5,417 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY traded down $0.54 during mid-day trading on Monday, reaching $59.43. 964,238 shares of the company traded hands, compared to its average volume of 850,676. The stock has a market cap of $13.84 billion, a PE ratio of 14.58 and a beta of 1.15. The company's fifty day moving average is $57.47 and its two-hundred day moving average is $60.02. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.2544 per share. This represents a $1.02 annualized dividend and a yield of 1.71%. This is a positive change from First Trust Rising Dividend Achievers ETF's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th.

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.