In a not so surprising move, Mercer Global Advisors Inc. ADV, one of the world’s leading institutional investors, recently increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by a staggering 5,059.4% in the last quarter of 2022, according to the latest 13F filing with the Securities and Exchange Commission. The firm now owns a total of 415,587 shares of First Trust Rising Dividend Achievers ETF’s stock after acquiring an additional 407,532 shares during this period.
This strategic move by Mercer Global Advisors Inc. ADV is indeed eye-catching and can be attributed to several market factors that have been shaping the financial sector in recent times – perhaps most notably is the complex economic climate we currently operate within. With record-low interest rates, soaring inflation rates and unpredictable market fluctuations brought on chiefly by COVID-19 pandemic; Institutional investors like Mercer Global Advisors Inc. ADV have had to reassess their investment strategies and adopt more sound approaches to minimize risks while accruing profits.
The rising dividend achievers ETF is one strategy that has received considerable attention among savvy investors in recent times for all obvious reasons. This unique investment opportunity provides exposure to US-listed companies that have a history of consistent dividend increases over time – making it an attractive option for those seeking reliable sources of passive income.
It is no surprise then that Mercer Global Advisors Inc. ADV took advantage of this opportunity – divesting its portfolio into First Trust Rising Dividend Achievers ETF with remarkable speed and gaining control over roughly 0.24% of its net worth at $18,253000 as reported on May12th, 2023.
While it remains unclear what future plans Mercer Global Advisors Inc. ADV has for its massive stakes in this company; one thing is certain – they appear well-positioned long-term given the current state of global markets, which require agility and readiness to respond to situations dictated by economic uncertainty.
In conclusion, Mercer Global Advisors Inc. ADV’s recent investment in First Trust Rising Dividend Achievers ETF further affirms the potency of a well-informed investment approach in difficult times like these. Investors who share the same convictions as Mercer Global Advisors Inc. ADV’s would do well to leverage profitable opportunities like this to fortify their portfolios with sound investments that are poised for long-term growth and profitability.
First Trust Rising Dividend Achievers ETF (RDVY) catches the eye of hedge funds with recent stake increases
In the world of finance and investments, exchange-traded funds (ETFs) have become a popular tool for investors looking for broad-based exposure to a specific sector or index. One such ETF that has caught the eye of investors recently is the First Trust Rising Dividend Achievers ETF (RDVY).
RDVY is an ETF that tracks the NASDAQ US Rising Dividend Achievers index, which is comprised of 50 large-cap stocks with rising, high-quality dividends. The fund was launched in early 2014 by investment management firm First Trust.
For those considering investing in RDVY, it’s worth noting that several other hedge funds have recently bought and sold shares of the ETF. Wedbush Securities Inc., Paragon Private Wealth Management LLC, Consolidated Planning Corp, Concorde Asset Management LLC, and WESPAC Advisors SoCal LLC have all raised their stakes in shares of RDVY.
Wedbush Securities Inc. raised its stake by 0.7% in the fourth quarter, acquiring an additional 327 shares worth $2.18 million at present value. Similarly, Paragon Private Wealth Management LLC raised its stake by 2.2% and now owns over 15 thousand shares valued at $670,000 after acquiring another 330 shares in the last quarter.
Consolidated Planning Corp also saw an increase in their stake of RDVY by 0.8%, acquiring an additional 337 shares worth $1.69 million today during Q3 last year. On top of this, Concorde Asset Management LLC increased their holding of RDVY by six percent in Q3 last year – currently owning over six thousand shares valued around $246k after piling on another 358 shares.
Finally, WESPAC Advisors SoCal LLC saw a growth of up to 0.9% based on position size with holdings amounting to over $1.9 million, exchanging an extra 397 shares throughout last year’s Q3.
RDVY is currently priced at $43.51, with a 50-day moving average of $44.86 and a two-hundred day moving average of $45.59. With a market capitalization of $7.51 billion, the ETF has a price-to-earnings (P/E) ratio of 9.91 and a beta value of 1.15.
Before making any investment decisions, it’s important to conduct thorough research and analysis to determine if RDVY aligns with your investment goals and risk tolerance levels. However, given the recent increase in stakes by hedge funds, RDVY may be worth considering for those looking for exposure to large-cap stocks with rising dividends.
