First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Perennial Investment Advisors LLC

Perennial Investment Advisors LLC raised its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 14.9% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 388,880 shares of the company’s stock after buying an additional 50,493 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 2.4% of Perennial Investment Advisors LLC’s investment portfolio, making the stock its 9th largest position. Perennial Investment Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $24,399,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Compass Financial Services Inc purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $26,000. Farmers & Merchants Investments Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the second quarter valued at about $26,000. SVB Wealth LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter valued at about $29,000. Rise Advisors LLC bought a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter worth about $31,000. Finally, Private Wealth Asset Management LLC increased its stake in First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after buying an additional 352 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $65.87 on Tuesday. The stock has a fifty day moving average price of $66.99 and a 200-day moving average price of $64.13. The firm has a market cap of $17.21 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.49.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.1487 per share. This represents a $0.59 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date was Thursday, September 25th.

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.