US Equity Dividend Select ETF (NASDAQ:RNDV) Position Boosted by Global Retirement Partners LLC

Global Retirement Partners LLC lifted its stake in US Equity Dividend Select ETF (NASDAQ:RNDV – Free Report) by 11.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,871 shares of the company’s stock after purchasing an additional 500 shares during the quarter. Global Retirement Partners LLC owned 0.54% of US Equity Dividend Select ETF worth $133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in RNDV. ICA Group Wealth Management LLC purchased a new stake in US Equity Dividend Select ETF in the 4th quarter worth approximately $60,000. UBS Group AG increased its stake in shares of US Equity Dividend Select ETF by 1,808.3% in the third quarter. UBS Group AG now owns 4,389 shares of the company’s stock worth $109,000 after acquiring an additional 4,159 shares during the last quarter. Ahrens Investment Partners LLC acquired a new stake in US Equity Dividend Select ETF during the first quarter valued at $111,000. Commonwealth Equity Services LLC purchased a new position in US Equity Dividend Select ETF in the fourth quarter valued at about $202,000. Finally, Atria Wealth Solutions Inc. acquired a new position in US Equity Dividend Select ETF in the 4th quarter worth about $207,000.

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US Equity Dividend Select ETF Price Performance

RNDV opened at $29.18 on Friday. The company has a market capitalization of $27.72 million, a PE ratio of 12.43 and a beta of 0.97. The business has a 50-day moving average of $28.85 and a 200-day moving average of $28.10. US Equity Dividend Select ETF has a fifty-two week low of $24.88 and a fifty-two week high of $30.34.

US Equity Dividend Select ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were paid a $0.245 dividend. The ex-dividend date was Tuesday, June 27th. This is a boost from US Equity Dividend Select ETF’s previous quarterly dividend of $0.18. This represents a $0.98 dividend on an annualized basis and a yield of 3.36%.

US Equity Dividend Select ETF Profile

(Free Report)

The First Trust US Equity Dividend Select ETF (RNDV) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a sector-neutral US large-cap index selected and weighted by dividends. RNDV was launched on Jun 20, 2017 and is managed by First Trust.

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