Objective Capital Management LLC Purchases 1,062 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Objective Capital Management LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.9% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,118 shares of the company’s stock after acquiring an additional 1,062 shares during the period. Objective Capital Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $858,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Private Advisor Group LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth $71,020,000. Royal Bank of Canada raised its holdings in First Trust Rising Dividend Achievers ETF by 36.3% during the first quarter. Royal Bank of Canada now owns 3,260,517 shares of the company’s stock valued at $159,766,000 after acquiring an additional 868,610 shares during the period. Mariner LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 1,460.5% during the 4th quarter. Mariner LLC now owns 532,586 shares of the company’s stock worth $23,391,000 after buying an additional 498,456 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 5,059.4% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 415,587 shares of the company’s stock worth $18,253,000 after acquiring an additional 407,532 shares during the period. Finally, Citadel Advisors LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter worth $6,599,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY stock traded up $0.51 during trading hours on Friday, reaching $48.41. The company had a trading volume of 247,871 shares, compared to its average volume of 662,743. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 9.91 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 1-year low of $38.34 and a 1-year high of $49.68. The company has a 50 day moving average of $47.96 and a 200 day moving average of $45.98.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 28th were issued a $0.3021 dividend. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.21. The ex-dividend date was Tuesday, June 27th. This represents a $1.21 dividend on an annualized basis and a dividend yield of 2.50%.

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.