Commonwealth Financial Services LLC Takes $11.96 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Commonwealth Financial Services LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the first quarter, Holdings Channel.com reports. The fund purchased 175,204 shares of the company’s stock, valued at approximately $11,963,000. First Trust Rising Dividend Achievers ETF accounts for 1.9% of Commonwealth Financial Services LLC’s holdings, making the stock its 13th largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Financial Perspectives Inc bought a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $26,000. Huntington National Bank lifted its stake in First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after buying an additional 370 shares during the last quarter. Trust Co. of Vermont bought a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at $27,000. United Community Bank acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at $28,000. Finally, Bessemer Group Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter valued at $29,000.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $80.00 on Monday. First Trust Rising Dividend Achievers ETF has a one year low of $62.02 and a one year high of $81.36. The company has a 50-day simple moving average of $77.55 and a 200-day simple moving average of $73.76. The firm has a market capitalization of $24.33 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.