Janney Montgomery Scott LLC Purchases 57,927 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Janney Montgomery Scott LLC grew its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,503,228 shares of the company’s stock after purchasing an additional 57,927 shares during the period. Janney Montgomery Scott LLC owned approximately 0.53% of First Trust Rising Dividend Achievers ETF worth $104,429,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of RDVY. AQR Capital Management LLC raised its holdings 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 acquiring an additional 12,820 shares in the last quarter. First Trust Advisors LP raised its holdings in First Trust Rising Dividend Achievers ETF by 104.0% during the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after acquiring an additional 12,204 shares in the last quarter. Cerity Partners LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 38.1% during the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after acquiring an additional 1,561 shares in the last quarter. Betterment LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 19.4% during the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after acquiring an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the second quarter worth about $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $75.66 on Thursday. First Trust Rising Dividend Achievers ETF has a 52-week low of $60.30 and a 52-week high of $77.60. The firm has a market capitalization of $22.23 billion, a PE ratio of 15.46 and a beta of 1.01. The business’s 50-day simple moving average is $73.93 and its 200 day simple moving average is $71.79.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.1813 per share. This represents a $0.73 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.