First Trust Rising Dividend Achievers ETF $RDVY is Perennial Investment Advisors LLC’s 9th Largest Position

Perennial Investment Advisors LLC lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.2% during the third quarter, HoldingsChannel.com reports. The firm owned 416,847 shares of the company’s stock after purchasing an additional 27,967 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 2.3% of Perennial Investment Advisors LLC’s portfolio, making the stock its 9th largest holding. Perennial Investment Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $28,037,000 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 RDVY. AQR Capital Management LLC grew 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 acquiring an additional 12,820 shares during the last quarter. Tradewinds LLC. purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 2nd quarter worth about $521,000. Bank of Montreal Can boosted its stake in First Trust Rising Dividend Achievers ETF by 3.4% in the 2nd quarter. Bank of Montreal Can now owns 21,562 shares of the company’s stock worth $1,353,000 after purchasing an additional 709 shares in the last quarter. Moors & Cabot Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 2.4% in the 2nd quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock worth $516,000 after purchasing an additional 194 shares in the last quarter. Finally, Atlantic Union Bankshares Corp purchased a new stake in First Trust Rising Dividend Achievers ETF during the 2nd quarter valued at about $7,517,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $71.06 on Friday. The firm has a market cap of $20.05 billion, a P/E ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $73.54. The firm has a 50-day simple moving average of $72.00 and a two-hundred day simple moving average of $68.91.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1996 per share. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Friday, December 12th.

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.