Northwestern Mutual Wealth Management Co. Purchases 379,961 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 12.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,492,637 shares of the company’s stock after buying an additional 379,961 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in First Trust Rising Dividend Achievers ETF were worth $283,113,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after purchasing an additional 370 shares during the last quarter. Bessemer Group Inc. bought a new position in First Trust Rising Dividend Achievers ETF during the first quarter worth about $29,000. Anchor Investment Management LLC acquired a new position in First Trust Rising Dividend Achievers ETF during the first quarter worth approximately $34,000. Lloyd Advisory Services LLC. acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth approximately $36,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $37,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.7%

RDVY stock opened at $81.45 on Tuesday. The firm has a market capitalization of $24.98 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.75 and a 1-year high of $84.02. The business’s 50 day simple moving average is $81.18 and its 200 day simple moving average is $75.93.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.1474 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.7%.

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.