266,200 Shares in First Trust Rising Dividend Achievers ETF $RDVY Bought by Sentinel Advisory Group LLC

Sentinel Advisory Group LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 266,200 shares of the company’s stock, valued at approximately $18,176,000. First Trust Rising Dividend Achievers ETF makes up approximately 8.9% of Sentinel Advisory Group LLC’s holdings, making the stock its 2nd largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of RDVY. AQR Capital Management LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after acquiring an additional 12,820 shares in the last quarter. First Trust Advisors LP increased its stake in First Trust Rising Dividend Achievers ETF by 104.0% in the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock valued at $1,502,000 after acquiring an additional 12,204 shares during the period. Cerity Partners LLC raised its position in First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after purchasing an additional 1,561 shares in the last quarter. Betterment LLC raised its position in First Trust Rising Dividend Achievers ETF by 19.4% in the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the second quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.4%

Shares of RDVY opened at $79.98 on Friday. The stock has a market cap of $24.39 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 $62.02 and a 12 month high of $81.36. The company has a 50-day moving average price of $78.14 and a two-hundred day moving average price of $74.09.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1474 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a dividend 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.