First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Shares Purchased by Citigroup Inc.

Citigroup Inc. raised its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.4% during the first quarter, HoldingsChannel.com reports. The firm owned 333,431 shares of the company’s stock after buying an additional 34,045 shares during the period. Citigroup Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $19,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in RDVY. LPL Financial LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 11.2% in the first quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after acquiring an additional 2,379,430 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 30.0% in the 4th quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock valued at $362,832,000 after purchasing an additional 1,417,024 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 7.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock valued at $355,598,000 after purchasing an additional 434,447 shares in the last quarter. Bank of America Corp DE lifted its position in shares of First Trust Rising Dividend Achievers ETF by 2.8% during the fourth quarter. Bank of America Corp DE now owns 5,572,635 shares of the company’s stock worth $329,566,000 after purchasing an additional 153,168 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 10.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock worth $200,267,000 after purchasing an additional 334,330 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 1.1%

Shares of NASDAQ RDVY opened at $65.57 on Thursday. The stock’s 50 day moving average price is $62.76 and its two-hundred day moving average price is $60.40. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $65.60. The stock has a market capitalization of $16.00 billion, a P/E ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a dividend of $0.1706 per share. The ex-dividend date was Thursday, June 26th. This represents a $0.68 annualized dividend and a yield of 1.0%.

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.