Park Avenue Securities LLC Buys 17,997 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Park Avenue Securities LLC increased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 47.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 56,169 shares of the company’s stock after purchasing an additional 17,997 shares during the period. Park Avenue Securities LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,778,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. AQR Capital Management LLC grew its stake in First Trust Rising Dividend Achievers ETF by 70.2% during the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock worth $1,819,000 after buying an additional 12,820 shares in the last quarter. Integrity Alliance LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $1,341,000. Jones Financial Companies Lllp lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 61.4% during the 1st quarter. Jones Financial Companies Lllp now owns 688,084 shares of the company’s stock worth $39,929,000 after acquiring an additional 261,781 shares during the period. Modern Wealth Management LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 15.8% during the 1st quarter. Modern Wealth Management LLC now owns 53,281 shares of the company’s stock worth $3,119,000 after acquiring an additional 7,256 shares in the last quarter. Finally, Integrity Wealth Advisors Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 25.3% in the first quarter. Integrity Wealth Advisors Inc. now owns 226,879 shares of the company’s stock valued at $13,282,000 after acquiring an additional 45,789 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $72.68 on Friday. The firm has a 50 day simple moving average of $68.92 and a two-hundred day simple moving average of $66.52. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $72.89. The company has a market cap of $19.98 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1996 per share. The ex-dividend date was Friday, December 12th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.