Petix & Botte Co Raises Stake in First Trust Rising Dividend Achievers ETF $RDVY

Petix & Botte Co boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 17.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 163,375 shares of the company’s stock after acquiring an additional 24,026 shares during the period. First Trust Rising Dividend Achievers ETF comprises 2.6% of Petix & Botte Co’s investment portfolio, making the stock its 11th biggest holding. Petix & Botte Co owned about 0.06% of First Trust Rising Dividend Achievers ETF worth $11,350,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RDVY. Ameriprise Financial Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after purchasing an additional 957,587 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in First Trust Rising Dividend Achievers ETF by 74.0% in the third quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock valued at $114,816,000 after buying an additional 725,742 shares during the last quarter. UBS Group AG increased its holdings in First Trust Rising Dividend Achievers ETF by 12.2% in the third quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock valued at $386,090,000 after buying an additional 624,936 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after buying an additional 577,318 shares in the last quarter. Finally, Prudential PLC acquired a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at $32,762,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $74.35 on Friday. The business has a 50-day moving average of $71.54 and a two-hundred day moving average of $70.69. The company has a market capitalization of $21.84 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. First Trust Rising Dividend Achievers ETF has a 1 year low of $59.01 and a 1 year high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.1813 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

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.