World Investment Advisors Buys 10,219 Shares of First Trust Rising Dividend Achievers ETF $RDVY

World Investment Advisors lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.4% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 168,923 shares of the company’s stock after buying an additional 10,219 shares during the quarter. World Investment Advisors’ holdings in First Trust Rising Dividend Achievers ETF were worth $11,534,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Huntington National Bank raised its holdings in First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after acquiring an additional 370 shares during the period. Financial Perspectives Inc acquired a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $26,000. Trust Co. of Vermont bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $27,000. United Community Bank bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $28,000. Finally, Lloyd Advisory Services LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $36,000.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $80.14 on Friday. The company has a market capitalization of $24.13 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $61.84 and a 12 month high of $81.36. The stock’s 50 day moving average is $76.49 and its 200-day moving average is $73.05.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 annualized dividend and a yield of 0.7%.

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.