Rise Advisors LLC Increases Stake 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 977.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,659 shares of the company’s stock after buying an additional 5,134 shares during the period. Rise Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $355,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Continuum Advisory LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 1.7% during the fourth quarter. Continuum Advisory LLC now owns 10,589 shares of the company’s stock valued at $626,000 after buying an additional 173 shares during the last quarter. Flagstar Advisors Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 0.3% during the first quarter. Flagstar Advisors Inc. now owns 59,780 shares of the company’s stock valued at $3,500,000 after buying an additional 202 shares during the last quarter. Kaydan Wealth Management Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 1.1% during the first quarter. Kaydan Wealth Management Inc. now owns 18,404 shares of the company’s stock valued at $1,077,000 after buying an additional 207 shares during the last quarter. Purus Wealth Management LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 0.4% during the first quarter. Purus Wealth Management LLC now owns 50,320 shares of the company’s stock valued at $2,946,000 after buying an additional 207 shares during the last quarter. Finally, Morey & Quinn Wealth Partners LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 1.0% during the first quarter. Morey & Quinn Wealth Partners LLC now owns 21,885 shares of the company’s stock valued at $1,281,000 after buying an additional 208 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.6%

Shares of RDVY stock opened at $66.32 on Monday. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $66.76. The stock has a market cap of $16.18 billion, a P/E ratio of 15.46 and a beta of 1.15. The company has a 50 day simple moving average of $64.49 and a two-hundred day simple moving average of $60.88.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a $0.1706 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%.

About First Trust Rising Dividend Achievers ETF

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.