Scarborough Advisors LLC Grows Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Scarborough Advisors LLC raised its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 16.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 227,307 shares of the company’s stock after acquiring an additional 32,494 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 1.7% of Scarborough Advisors LLC’s holdings, making the stock its 20th biggest position. Scarborough Advisors LLC owned 0.08% of First Trust Rising Dividend Achievers ETF worth $15,521,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in RDVY. Balefire LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 32.1% in the 4th quarter. Balefire LLC now owns 39,521 shares of the company’s stock worth $2,746,000 after buying an additional 9,594 shares during the last quarter. Genesis Private Wealth LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 7.1% during the 4th quarter. Genesis Private Wealth LLC now owns 112,076 shares of the company’s stock valued at $7,786,000 after acquiring an additional 7,444 shares during the last quarter. Cliftonlarsonallen Wealth Advisors LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $743,000. Flagship Harbor Advisors LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 23.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 162,537 shares of the company’s stock worth $11,291,000 after acquiring an additional 30,610 shares during the period. Finally, O Connor Financial Group LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $10,958,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $80.00 on Monday. First Trust Rising Dividend Achievers ETF has a 1 year low of $62.02 and a 1 year high of $81.36. The company’s 50 day simple moving average is $77.55 and its 200 day simple moving average is $73.76. The stock has a market capitalization of $24.33 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.1474 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, June 25th.

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.