Barometer Capital Management Inc. Buys 6,610 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Barometer Capital Management Inc. grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 150.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,000 shares of the company’s stock after acquiring an additional 6,610 shares during the period. Barometer Capital Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $764,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in RDVY. Balefire LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 32.1% in the 4th quarter. Balefire LLC now owns 39,521 shares of the company’s stock worth $2,746,000 after purchasing an additional 9,594 shares during the period. Atria Investments Inc lifted its position in shares of First Trust Rising Dividend Achievers ETF by 7.1% in the 3rd quarter. Atria Investments Inc now owns 193,425 shares of the company’s stock worth $13,010,000 after purchasing an additional 12,843 shares during the period. Cozad Asset Management Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 9.3% in the 3rd quarter. Cozad Asset Management Inc. now owns 108,125 shares of the company’s stock worth $7,272,000 after purchasing an additional 9,181 shares during the period. Genesis Private Wealth LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 7.1% in the 4th quarter. Genesis Private Wealth LLC now owns 112,076 shares of the company’s stock worth $7,786,000 after purchasing an additional 7,444 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $743,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $77.72 on Friday. The company has a 50 day moving average price of $74.12 and a 200-day moving average price of $71.87. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $60.30 and a fifty-two week high of $78.00. The stock has a market capitalization of $22.83 billion, a PE ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.1813 dividend. This represents a $0.73 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

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.