Invst LLC Boosts Stake in First Trust Rising Dividend Achievers ETF $RDVY

Invst LLC increased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 127,118 shares of the company’s stock after purchasing an additional 8,884 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 1.0% of Invst LLC’s investment portfolio, making the stock its 15th biggest position. Invst LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $10,304,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Huntington National Bank raised its stake in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the period. United Community Bank bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at approximately $28,000. Bessemer Group Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at approximately $29,000. Anchor Investment Management LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the 1st quarter worth approximately $34,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $36,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.1%

NASDAQ RDVY opened at $82.38 on Wednesday. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.75 and a 12 month high of $84.02. The stock has a market cap of $25.27 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The company’s 50 day moving average is $80.95 and its two-hundred day moving average is $75.66.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

First Trust Rising Dividend Achievers ETF Company 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.