Parallel Advisors LLC Has $827,000 Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Parallel Advisors LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 459.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,111 shares of the company’s stock after purchasing an additional 9,945 shares during the quarter. Parallel Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $827,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Financial Perspectives Inc acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $26,000. Huntington National Bank raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after acquiring an additional 370 shares during the period. Trust Co. of Vermont bought a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $27,000. United Community Bank bought a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $28,000. Finally, Bessemer Group Inc. bought a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $29,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.5%

Shares of NASDAQ RDVY opened at $79.65 on Friday. The company has a fifty day moving average price of $78.02 and a 200 day moving average price of $74.05. The firm has a market cap of $24.28 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1-year low of $62.02 and a 1-year high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.