Rise Advisors LLC Increases Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Rise Advisors LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 490,602 shares of the company’s stock after purchasing an additional 18,206 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 11.2% of Rise Advisors LLC’s portfolio, making the stock its 2nd largest holding. Rise Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $39,768,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Huntington National Bank raised its holdings in First Trust Rising Dividend Achievers ETF by 37,000.0% during the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after acquiring an additional 370 shares during the period. Financial Perspectives Inc purchased a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $26,000. United Community Bank bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $28,000. Bessemer Group Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the first quarter worth about $29,000. Finally, Anchor Investment Management LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the first quarter valued at approximately $34,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.1%

Shares of NASDAQ:RDVY opened at $83.25 on Wednesday. The company has a 50 day moving average of $79.82 and a 200 day moving average of $74.93. The stock has a market cap of $25.53 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.11 and a 12 month high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1474 per share. 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.

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.