Park National Corp OH Grows Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Park National Corp OH boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.6% during the first quarter, Holdings Channel reports. The firm owned 378,101 shares of the company’s stock after purchasing an additional 16,637 shares during the quarter. Park National Corp OH’s holdings in First Trust Rising Dividend Achievers ETF were worth $25,817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC grew its position in First Trust Rising Dividend Achievers ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after purchasing an additional 2,907,770 shares during the period. Wells Fargo & Company MN raised its stake in First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after buying an additional 1,076,558 shares during the last quarter. Ameriprise Financial Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after buying an additional 957,587 shares during the last quarter. Morgan Stanley lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.9% during the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after buying an additional 940,590 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 74.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after buying an additional 725,742 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $79.15 on Friday. First Trust Rising Dividend Achievers ETF has a 1 year low of $60.30 and a 1 year high of $80.05. The company has a market cap of $23.25 billion, a P/E ratio of 15.46 and a beta of 1.01. The stock’s fifty day moving average price is $75.24 and its 200-day moving average price is $72.31.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.1813 dividend. This represents a $0.73 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

About First Trust Rising Dividend Achievers ETF

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.