Renaissance Technologies LLC Buys 24,500 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Renaissance Technologies LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 51.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 72,200 shares of the company’s stock after buying an additional 24,500 shares during the period. Renaissance Technologies LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,930,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of RDVY. LPL Financial LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after acquiring an additional 2,907,770 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after acquiring an additional 1,076,558 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares during the last quarter. Morgan Stanley raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after purchasing an additional 940,590 shares during the last quarter. Finally, Arax Advisory Partners bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $47,643,000.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $83.22 on Friday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $63.28 and a fifty-two week high of $83.99. The firm’s 50-day simple moving average is $79.35 and its 200 day simple moving average is $74.70. The stock has a market cap of $25.52 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.