Rehmann Capital Advisory Group Invests $1.10 Million in First Trust Rising Dividend Achievers ETF $RDVY

Rehmann Capital Advisory Group acquired a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the fourth quarter, Holdings Channel reports. The firm acquired 15,886 shares of the company’s stock, valued at approximately $1,104,000.

Other large investors have also recently added to or reduced their stakes in the company. SHP Wealth Management acquired a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter worth approximately $380,000. OakTrust Wealth Advisors LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth $291,000. TD Capital Management LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 69.1% in the fourth quarter. TD Capital Management LLC now owns 30,852 shares of the company’s stock worth $2,143,000 after acquiring an additional 12,603 shares in the last quarter. Catalyst Investment Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth $1,663,000. Finally, Sunbelt Securities Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF by 6.1% during the fourth quarter. Sunbelt Securities Inc. now owns 37,317 shares of the company’s stock worth $2,592,000 after acquiring an additional 2,146 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $79.15 on Friday. The stock has a market cap of $23.25 billion, a P/E ratio of 15.46 and a beta of 1.01. The business’s fifty day simple moving average is $75.24 and its 200-day simple moving average is $72.31. First Trust Rising Dividend Achievers ETF has a 12-month low of $60.30 and a 12-month high of $80.05.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

First Trust Rising Dividend Achievers ETF Company 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.