First Trust Rising Dividend Achievers ETF $RDVY Shares Bought by Smith Moore & CO.

Smith Moore & CO. raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 195,266 shares of the company’s stock after acquiring an additional 16,860 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 1.0% of Smith Moore & CO.’s portfolio, making the stock its 22nd biggest holding. Smith Moore & CO.’s holdings in First Trust Rising Dividend Achievers ETF were worth $13,565,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of RDVY. First Horizon Corp acquired a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth about $25,000. Trust Co. of Vermont acquired a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $27,000. Cullen Frost Bankers Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth about $28,000. Mather Group LLC. purchased a new position in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth approximately $31,000. Finally, Pin Oak Investment Advisors Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth approximately $38,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $72.11 on Monday. The company’s 50 day simple moving average is $70.67 and its two-hundred day simple moving average is $69.55. First Trust Rising Dividend Achievers ETF has a 1-year low of $52.88 and a 1-year high of $73.54. The firm has a market capitalization of $21.02 billion, a price-to-earnings ratio of 15.46 and a beta of 1.03.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date of this dividend was Thursday, March 26th.

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.