First Trust Rising Dividend Achievers ETF $RDVY Position Boosted by Titleist Asset Management LLC

Titleist Asset Management LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 17.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 92,411 shares of the company’s stock after purchasing an additional 13,964 shares during the period. Titleist Asset Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,235,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Bessemer Group Inc. acquired a new position in First Trust Rising Dividend Achievers ETF in the first quarter worth approximately $29,000. Anchor Investment Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth about $34,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $37,000. Rosenberg Matthew Hamilton bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $43,000. Finally, Investment Counsel Co. of Nevada acquired a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $40,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.3%

RDVY stock traded up $0.24 during midday trading on Thursday, hitting $79.11. 794,199 shares of the company traded hands, compared to its average volume of 1,285,964. First Trust Rising Dividend Achievers ETF has a twelve month low of $64.97 and a twelve month high of $84.02. The stock has a market capitalization of $25.18 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The business has a 50 day simple moving average of $81.12 and a 200-day simple moving average of $77.61.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1521 dividend. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474. The ex-dividend date was Thursday, September 24th. This represents a $0.61 annualized dividend and a yield of 0.8%.

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.