Western Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 4.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 353,709 shares of the company’s stock after buying an additional 15,055 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 0.9% of Western Wealth Management LLC’s holdings, making the stock its 18th biggest position. Western Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $24,151,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after buying an additional 12,820 shares in the last quarter. First Trust Advisors LP grew its position in shares of First Trust Rising Dividend Achievers ETF by 104.0% during the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after buying an additional 12,204 shares in the last quarter. Cerity Partners LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after buying an additional 1,561 shares during the last quarter. Betterment LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 19.4% in the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after buying an additional 7,892 shares during the last quarter. Finally, Darwin Wealth Management LLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the second quarter valued at $1,433,000.
First Trust Rising Dividend Achievers ETF Price Performance
RDVY opened at $83.25 on Wednesday. First Trust Rising Dividend Achievers ETF has a 12-month low of $64.11 and a 12-month high of $83.99. The stock has a market capitalization of $25.53 billion, a PE ratio of 15.46 and a beta of 1.00. The firm’s fifty day moving average price is $79.82 and its 200 day moving average price is $74.93.
First Trust Rising Dividend Achievers ETF Cuts Dividend
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.
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