Opinicus Capital Inc. Takes $998,000 Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Opinicus Capital Inc. purchased a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,318 shares of the company’s stock, valued at approximately $998,000.

Other institutional investors have also bought and sold shares of the company. Farmers & Merchants Investments Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $25,000. Hazlett Burt & Watson Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 87.5% in the 4th quarter. Hazlett Burt & Watson Inc. now owns 478 shares of the company’s stock valued at $25,000 after purchasing an additional 223 shares during the period. PFG Private Wealth Management LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $26,000. Arlington Trust Co LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $29,000. Finally, Grove Bank & Trust bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $42,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY traded down $0.03 during trading on Friday, reaching $54.24. The company’s stock had a trading volume of 675,886 shares, compared to its average volume of 798,541. The firm has a market cap of $10.21 billion, a price-to-earnings ratio of 9.85 and a beta of 1.15. The firm has a 50 day moving average of $54.14 and a 200-day moving average of $50.73. First Trust Rising Dividend Achievers ETF has a 12 month low of $42.42 and a 12 month high of $56.28.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.2238 per share. The ex-dividend date was Thursday, March 21st. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.65%.

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.