First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) is United Advisor Group LLC’s 8th Largest Position

United Advisor Group LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 149,551 shares of the company’s stock after purchasing an additional 10,243 shares during the period. First Trust Rising Dividend Achievers ETF makes up 1.8% of United Advisor Group LLC’s investment portfolio, making the stock its 8th largest holding. United Advisor Group LLC owned 0.06% of First Trust Rising Dividend Achievers ETF worth $8,755,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Kestra Investment Management LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $163,000. Global Retirement Partners LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 46.5% in the fourth quarter. Global Retirement Partners LLC now owns 174,595 shares of the company’s stock valued at $10,326,000 after acquiring an additional 55,406 shares during the period. Flagstar Advisors Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 2.0% in the fourth quarter. Flagstar Advisors Inc. now owns 59,578 shares of the company’s stock valued at $3,523,000 after acquiring an additional 1,155 shares during the period. Private Advisor Group LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 11.9% in the fourth quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company’s stock valued at $108,526,000 after acquiring an additional 195,213 shares during the period. Finally, WealthCare Investment Partners LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 0.6% in the fourth quarter. WealthCare Investment Partners LLC now owns 59,660 shares of the company’s stock valued at $3,519,000 after acquiring an additional 344 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Down 0.0%

Shares of RDVY opened at $60.67 on Thursday. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $64.63. The company has a market cap of $14.13 billion, a P/E ratio of 15.48 and a beta of 1.15. The company’s fifty day simple moving average is $58.82 and its 200-day simple moving average is $59.79.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.2544 dividend. The ex-dividend date was Thursday, March 27th. This represents a $1.02 annualized dividend and a dividend yield of 1.68%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19.

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.