Rehmann Capital Advisory Group Buys 10,599 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Rehmann Capital Advisory Group boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 43.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,052 shares of the company’s stock after purchasing an additional 10,599 shares during the quarter. Rehmann Capital Advisory Group’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. Headlands Technologies LLC bought a new position in First Trust Rising Dividend Achievers ETF in the second quarter worth about $396,000. Benjamin Edwards Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 1.9% in the 2nd quarter. Benjamin Edwards Inc. now owns 468,651 shares of the company’s stock worth $37,998,000 after buying an additional 8,710 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after buying an additional 379,961 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 10.4% during the 2nd quarter. Wedbush Securities Inc. now owns 84,936 shares of the company’s stock worth $6,885,000 after acquiring an additional 8,022 shares in the last quarter. Finally, Invst LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 7.5% during the 2nd quarter. Invst LLC now owns 127,118 shares of the company’s stock worth $10,304,000 after acquiring an additional 8,884 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.7%

Shares of RDVY opened at $81.45 on Tuesday. The company has a 50 day moving average of $81.18 and a two-hundred day moving average of $75.93. The company has a market cap of $24.98 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a twelve month low of $64.75 and a twelve month high of $84.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.