Rehmann Capital Advisory Group Increases Position in First Trust Rising Dividend Achievers ETF $RDVY

Rehmann Capital Advisory Group increased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 43.3% in the second quarter, HoldingsChannel.com reports. The fund owned 35,052 shares of the company’s stock after buying an additional 10,599 shares during the period. Rehmann Capital Advisory Group’s holdings in First Trust Rising Dividend Achievers ETF were worth $3,091,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised 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 worth $1,819,000 after purchasing an additional 12,820 shares during the last quarter. First Trust Advisors LP increased its holdings in First Trust Rising Dividend Achievers ETF by 104.0% in the 2nd 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 during the period. Cerity Partners LLC raised its position in First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd 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 raised its position in First Trust Rising Dividend Achievers ETF by 19.4% during the 2nd 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 purchased a new position in First Trust Rising Dividend Achievers ETF during the 2nd quarter worth approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.7%

Shares of NASDAQ RDVY opened at $81.45 on Tuesday. The company has a 50 day simple moving average of $81.18 and a two-hundred day simple moving average of $75.93. The stock has a market cap of $24.98 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.75 and a 12 month high of $84.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.