Everest Financial Group LLC Acquires Shares of 27,750 First Trust Rising Dividend Achievers ETF $RDVY

Everest Financial Group LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 27,750 shares of the company’s stock, valued at approximately $1,895,000.

A number of other hedge funds also recently added to or reduced their stakes in RDVY. Basepoint Wealth LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.5% in the first quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock valued at $218,000 after purchasing an additional 136 shares during the period. Retirement Planning Group LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.8% during the first quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock worth $547,000 after purchasing an additional 138 shares during the period. Quad Cities Investment Group LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.7% during the fourth quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock worth $1,474,000 after purchasing an additional 157 shares during the period. MBE Wealth Management LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.7% during the first quarter. MBE Wealth Management LLC now owns 6,798 shares of the company’s stock worth $464,000 after purchasing an additional 179 shares during the period. Finally, Castleview Partners LLC grew its position in First Trust Rising Dividend Achievers ETF by 2.8% in the 1st quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock valued at $471,000 after buying an additional 189 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $79.98 on Friday. The firm has a market cap of $24.39 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The firm’s fifty day moving average price is $78.14 and its 200 day moving average price is $74.09. First Trust Rising Dividend Achievers ETF has a 1-year low of $62.02 and a 1-year high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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