Bank of New York Mellon Corp Raises Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Bank of New York Mellon Corp lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 440.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 27,683 shares of the company’s stock after buying an additional 22,564 shares during the quarter. Bank of New York Mellon Corp’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,621,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Summit Investment Advisors Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 195.3% in the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock worth $26,000 after buying an additional 293 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $38,000. Rossby Financial LCC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at about $46,000. O Shaughnessy Asset Management LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 169.0% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock valued at $53,000 after acquiring an additional 566 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in First Trust Rising Dividend Achievers ETF by 652.0% in the 1st quarter. Fifth Third Bancorp now owns 940 shares of the company’s stock valued at $55,000 after buying an additional 815 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Down 0.1%

Shares of NASDAQ RDVY opened at $64.11 on Wednesday. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $64.63. The stock has a market cap of $15.61 billion, a P/E ratio of 15.46 and a beta of 1.15. The business’s fifty day simple moving average is $61.96 and its 200-day simple moving average is $60.24.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a $0.1706 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.68 dividend on an annualized basis and a yield of 1.06%.

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.