Hobart Private Capital LLC Has $35.03 Million Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Hobart Private Capital LLC raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.0% in the 4th quarter, Holdings Channel.com reports. The firm owned 504,239 shares of the company’s stock after buying an additional 14,626 shares during the period. First Trust Rising Dividend Achievers ETF makes up 6.8% of Hobart Private Capital LLC’s portfolio, making the stock its biggest holding. Hobart Private Capital LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $35,029,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of RDVY. Ameriprise Financial Inc. raised its position in First Trust Rising Dividend Achievers ETF by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the third quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after buying an additional 725,742 shares during the period. UBS Group AG increased its stake in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the third quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after buying an additional 624,936 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after buying an additional 577,318 shares during the period. Finally, Prudential PLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter valued at about $32,762,000.

First Trust Rising Dividend Achievers ETF Trading Up 1.8%

Shares of RDVY stock opened at $74.50 on Friday. The stock has a market cap of $21.72 billion, a price-to-earnings ratio of 15.46 and a beta of 1.03. The stock has a 50-day moving average of $70.79 and a 200-day moving average of $69.74. First Trust Rising Dividend Achievers ETF has a 1-year low of $52.88 and a 1-year high of $74.96.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a dividend 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.