First Heartland Consultants Inc. Has $39.60 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

First Heartland Consultants Inc. increased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.6% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 488,517 shares of the company’s stock after purchasing an additional 7,846 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 2.6% of First Heartland Consultants Inc.’s investment portfolio, making the stock its 4th biggest holding. First Heartland Consultants Inc. owned about 0.16% of First Trust Rising Dividend Achievers ETF worth $39,599,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of RDVY. LPL Financial LLC raised its stake in First Trust Rising Dividend Achievers ETF by 10.5% during the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after buying an additional 2,907,770 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of 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 worth $783,359,000 after acquiring an additional 1,076,558 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after acquiring an additional 957,587 shares in the last quarter. Morgan Stanley grew its position 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 worth $1,400,025,000 after acquiring an additional 940,590 shares in the last quarter. Finally, Arax Advisory Partners bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $47,643,000.

First Trust Rising Dividend Achievers ETF Trading Up 0.1%

RDVY stock opened at $83.32 on Friday. The firm has a market cap of $25.55 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 $63.58 and a 12-month high of $83.99. The stock’s 50 day simple moving average is $79.51 and its 200 day simple moving average is $74.76.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.1474 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.59 annualized dividend and a yield of 0.7%.

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.