Puff Wealth Management LLC Buys New Shares in First Trust Rising Dividend Achievers ETF $RDVY

Puff Wealth Management LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,782 shares of the company’s stock, valued at approximately $631,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after acquiring an additional 2,907,770 shares during the period. Morgan Stanley raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.9% in the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after purchasing an additional 940,590 shares during the period. Raymond James Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.2% in the 4th quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock valued at $784,018,000 after purchasing an additional 243,585 shares during the period. Wells Fargo & Company MN lifted its stake in First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after purchasing an additional 1,076,558 shares during the last quarter. Finally, Bank of America Corp DE lifted its stake in First Trust Rising Dividend Achievers ETF by 3.0% in the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after purchasing an additional 219,060 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $83.32 on Friday. First Trust Rising Dividend Achievers ETF has a 52 week low of $63.58 and a 52 week high of $83.99. The stock has a market capitalization of $25.55 billion, a P/E ratio of 15.46 and a beta of 1.00. The stock has a 50-day simple moving average of $79.51 and a 200 day simple moving average of $74.76.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given 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 of this dividend was Thursday, June 25th.

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.