First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) to Issue $0.18 Quarterly Dividend

First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 26th will be given a dividend of 0.1813 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Thursday, March 26th.

First Trust Rising Dividend Achievers ETF Stock Down 2.2%

NASDAQ:RDVY traded down $1.52 on Thursday, reaching $67.75. 1,296,051 shares of the company’s stock traded hands, compared to its average volume of 1,656,411. The stock has a 50-day simple moving average of $71.41 and a 200-day simple moving average of $69.29. 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 cap of $19.12 billion, a PE ratio of 15.46 and a beta of 1.10.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. First Horizon Corp bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the third quarter valued at approximately $25,000. Financial Perspectives Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $26,000. Huntington National Bank grew its stake in First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after acquiring an additional 370 shares in the last quarter. Trust Co. of Vermont bought a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. bought a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at $28,000.

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.