NI Acquisitions Company LLC Acquires New Shares in First Trust Rising Dividend Achievers ETF $RDVY

NI Acquisitions Company LLC acquired a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 77,617 shares of the company’s stock, valued at approximately $5,953,000. First Trust Rising Dividend Achievers ETF accounts for 2.2% of NI Acquisitions Company LLC’s portfolio, making the stock its 13th largest holding.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LPL Financial LLC lifted its stake in shares of 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 valued at $2,119,121,000 after purchasing an additional 2,907,770 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of 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 worth $783,359,000 after purchasing an additional 1,076,558 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 15.7% in 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 period. Morgan Stanley raised its holdings in First Trust Rising Dividend Achievers ETF by 4.9% in 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, Arax Advisory Partners acquired a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $47,643,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $82.04 on Friday. The stock has a market capitalization of $25.16 billion, a P/E ratio of 15.46 and a beta of 1.00. The firm’s 50-day moving average is $81.37 and its two-hundred day moving average is $76.17. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.97 and a 12 month high of $84.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued 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 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.