BNP Paribas Financial Markets Grows Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

BNP Paribas Financial Markets boosted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYFree Report) by 640.9% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 554,949 shares of the company’s stock after purchasing an additional 480,047 shares during the period. BNP Paribas Financial Markets’ holdings in First Trust Rising Dividend Achievers ETF were worth $38,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of RDVY. Ameriprise Financial Inc. increased 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 worth $442,526,000 after buying an additional 957,587 shares during the last quarter. JPMorgan Chase & Co. increased its position in 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 worth $114,816,000 after buying an additional 725,742 shares during the last quarter. UBS Group AG increased its position in 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 worth $386,090,000 after buying an additional 624,936 shares during the last quarter. Envestnet Asset Management Inc. increased its position in 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 worth $329,979,000 after buying an additional 577,318 shares during the last quarter. Finally, Prudential PLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the third quarter worth $32,762,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $76.09 on Thursday. The business has a fifty day simple moving average of $73.10 and a two-hundred day simple moving average of $71.43. First Trust Rising Dividend Achievers ETF has a 1 year low of $60.30 and a 1 year high of $76.57. The company has a market capitalization of $22.35 billion, a P/E ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given 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

(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.

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

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