First Trust Rising Dividend Achievers ETF $RDVY Stake Boosted by Tidemark LLC

Tidemark LLC lifted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYFree Report) by 1,398.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 250,819 shares of the company’s stock after purchasing an additional 234,082 shares during the period. First Trust Rising Dividend Achievers ETF comprises 5.0% of Tidemark LLC’s portfolio, making the stock its 3rd largest holding. Tidemark LLC owned approximately 0.09% of First Trust Rising Dividend Achievers ETF worth $17,424,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Quad Cities Investment Group LLC increased its stake in First Trust Rising Dividend Achievers ETF by 0.7% in the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock worth $1,474,000 after buying an additional 157 shares in the last quarter. Allworth Financial LP lifted its position in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock valued at $4,020,000 after acquiring an additional 159 shares in the last quarter. Insigneo Advisory Services LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 0.8% in the third quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock worth $1,342,000 after acquiring an additional 163 shares during the period. Proactive Wealth Strategies LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Proactive Wealth Strategies LLC now owns 64,148 shares of the company’s stock worth $4,315,000 after acquiring an additional 174 shares during the period. Finally, Acorn Wealth Advisors LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 3.7% during the fourth quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock worth $381,000 after purchasing an additional 197 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $75.38 on Wednesday. The business’s 50 day moving average is $72.82 and its 200 day moving average is $71.31. The company has a market capitalization of $22.14 billion, a PE ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 12-month low of $60.13 and a 12-month high of $76.57.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.1813 per share. The ex-dividend date 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

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

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