Perennial Investment Advisors LLC Increases Position in First Trust Rising Dividend Achievers ETF $RDVY

Perennial Investment Advisors LLC increased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 416,847 shares of the company’s stock after buying an additional 27,967 shares during the period. First Trust Rising Dividend Achievers ETF accounts for 2.3% of Perennial Investment Advisors LLC’s portfolio, making the stock its 9th largest position. Perennial Investment Advisors LLC owned approximately 0.16% of First Trust Rising Dividend Achievers ETF worth $28,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. First Horizon Corp purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $28,000. Mather Group LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the third quarter valued at approximately $31,000. Collier Financial purchased a new stake in First Trust Rising Dividend Achievers ETF in the third quarter worth $41,000. Finally, Center for Financial Planning Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF in the third quarter worth $42,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.9%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $71.06 on Friday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $73.54. The firm has a market capitalization of $20.05 billion, a P/E ratio of 15.46 and a beta of 1.10. The business has a fifty day simple moving average of $72.00 and a two-hundred day simple moving average of $68.91.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared 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. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%.

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.