US Bancorp DE Raises Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

US Bancorp DE lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 355,647 shares of the company’s stock after purchasing an additional 9,324 shares during the quarter. US Bancorp DE’s holdings in First Trust Rising Dividend Achievers ETF were worth $23,925,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. AQR Capital Management LLC boosted its position in First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after buying an additional 12,820 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in First Trust Rising Dividend Achievers ETF in the second quarter valued at $1,574,000. Assetmark Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 119.2% during the 2nd quarter. Assetmark Inc. now owns 142,115 shares of the company’s stock worth $8,916,000 after purchasing an additional 77,283 shares in the last quarter. Savvy Advisors Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 4.3% during the 2nd quarter. Savvy Advisors Inc. now owns 18,053 shares of the company’s stock worth $1,133,000 after purchasing an additional 745 shares during the period. Finally, Atria Investments Inc increased its holdings in First Trust Rising Dividend Achievers ETF by 127.2% during the 2nd quarter. Atria Investments Inc now owns 180,582 shares of the company’s stock worth $11,330,000 after purchasing an additional 101,107 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $72.29 on Friday. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $73.54. The stock has a market capitalization of $20.40 billion, a PE ratio of 15.46 and a beta of 1.10. The stock has a 50-day simple moving average of $71.92 and a 200-day simple moving average of $68.73.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.