Triumph Capital Management increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY - Free Report) by 7.6% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,915 shares of the company's stock after purchasing an additional 8,263 shares during the period. First Trust Rising Dividend Achievers ETF makes up 2.4% of Triumph Capital Management's investment portfolio, making the stock its 7th largest holding. Triumph Capital Management owned 0.05% of First Trust Rising Dividend Achievers ETF worth $6,914,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $25,000. Summit Investment Advisors Inc. increased its holdings in 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 buying an additional 293 shares during the last quarter. Graney & King LLC purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $27,000. Marshall & Sterling Wealth Advisors Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $38,000. Finally, Sound Income Strategies LLC purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $40,000.
First Trust Rising Dividend Achievers ETF Trading Down 0.9%
RDVY stock traded down $0.54 during midday trading on Friday, reaching $59.43. 964,238 shares of the company's stock traded hands, compared to its average volume of 849,489. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $64.63. The stock has a market cap of $13.84 billion, a P/E ratio of 14.58 and a beta of 1.15. The stock's 50-day moving average is $57.47 and its 200 day moving average is $60.08.
First Trust Rising Dividend Achievers ETF Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.2544 per share. This is a boost from First Trust Rising Dividend Achievers ETF's previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date was Thursday, March 27th.
First Trust Rising Dividend Achievers ETF Profile
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Free Report)
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.
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