First Trust Rising Dividend Achievers ETF $RDVY is SMART Wealth LLC’s 4th Largest Position

SMART Wealth LLC decreased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 116,296 shares of the company’s stock after selling 9,243 shares during the period. First Trust Rising Dividend Achievers ETF comprises 2.3% of SMART Wealth LLC’s portfolio, making the stock its 4th largest holding. SMART Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,941,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in RDVY. AQR Capital Management LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 70.2% during the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after buying an additional 12,820 shares during the period. First Trust Advisors LP grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 104.0% in the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after acquiring an additional 12,204 shares during the period. Cerity Partners LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after acquiring an additional 1,561 shares during the period. Betterment LLC increased its position in First Trust Rising Dividend Achievers ETF by 19.4% during the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after acquiring an additional 7,892 shares during the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in First Trust Rising Dividend Achievers ETF during the second quarter valued at $1,433,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $81.06 on Wednesday. The company has a market cap of $23.81 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. The business’s 50-day moving average is $76.15 and its two-hundred day moving average is $72.86. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $61.84 and a fifty-two week high of $81.36.

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 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 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.