Citizens Financial Group Inc. RI Has $347,000 Stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Citizens Financial Group Inc. RI raised its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 56.2% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,312 shares of the company’s stock after purchasing an additional 2,270 shares during the period. Citizens Financial Group Inc. RI’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $347,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of RDVY. BNP Paribas Financial Markets increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock valued at $28,000 after buying an additional 494 shares in the last quarter. Headlands Technologies LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the second quarter valued at about $29,000. Kings Path Partners LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the second quarter worth about $31,000. Russell Investments Group Ltd. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the first quarter worth about $34,000. Finally, Rothschild Investment LLC bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 2nd quarter valued at about $34,000.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY opened at $58.01 on Thursday. The stock has a 50 day simple moving average of $56.88 and a 200 day simple moving average of $55.46. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $43.30 and a 52-week high of $59.07. The firm has a market capitalization of $11.54 billion, a PE ratio of 10.08 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.2616 dividend. This represents a $1.05 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend was Thursday, June 27th.

About First Trust NASDAQ Rising Dividend Achievers

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.