Serenity Investment Advisors Grows Stake in First Trust Rising Dividend Achievers ETF $RDVY

Serenity Investment Advisors grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 34.1% in the 2nd quarter, HoldingsChannel.com reports. The firm owned 28,004 shares of the company’s stock after purchasing an additional 7,116 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 1.0% of Serenity Investment Advisors’ portfolio, making the stock its 21st biggest position. Serenity Investment Advisors’ holdings in First Trust Rising Dividend Achievers ETF were worth $2,282,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in RDVY. J.W. Cole Advisors Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 16.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock worth $7,334,000 after purchasing an additional 14,615 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $628,000. Ignite Planners LLC lifted its holdings in First Trust Rising Dividend Achievers ETF by 122.9% in the fourth quarter. Ignite Planners LLC now owns 38,362 shares of the company’s stock valued at $2,772,000 after acquiring an additional 21,155 shares during the period. Certified Advisory Corp lifted its holdings in First Trust Rising Dividend Achievers ETF by 10.9% in the first quarter. Certified Advisory Corp now owns 111,055 shares of the company’s stock valued at $7,583,000 after acquiring an additional 10,873 shares during the period. Finally, Liberty Square Wealth Partners LLC boosted its position in First Trust Rising Dividend Achievers ETF by 30.4% in the 4th quarter. Liberty Square Wealth Partners LLC now owns 736,020 shares of the company’s stock worth $51,131,000 after purchasing an additional 171,517 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $82.04 on Monday. The stock has a market capitalization of $25.16 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.97 and a 12 month high of $84.02. The firm’s 50 day simple moving average is $81.37 and its 200-day simple moving average is $76.20.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1474 dividend. This represents a $0.59 annualized dividend 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.