Avidian Wealth Enterprises LLC Acquires 122,471 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Avidian Wealth Enterprises LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2,449.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 127,471 shares of the company’s stock after buying an additional 122,471 shares during the period. Avidian Wealth Enterprises LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,998,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. LPL Financial LLC raised its position in First Trust Rising Dividend Achievers ETF by 11.2% during the first quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after purchasing an additional 2,379,430 shares in the last quarter. Raymond James Financial Inc. raised its position in First Trust Rising Dividend Achievers ETF by 9.7% during the first quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after purchasing an additional 971,388 shares in the last quarter. Commonwealth Equity Services LLC raised its position in First Trust Rising Dividend Achievers ETF by 7.7% during the first quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock valued at $355,598,000 after purchasing an additional 434,447 shares in the last quarter. Royal Bank of Canada raised its position in First Trust Rising Dividend Achievers ETF by 3.5% during the first quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock valued at $206,123,000 after purchasing an additional 118,032 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its position in First Trust Rising Dividend Achievers ETF by 10.8% during the first quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock valued at $200,267,000 after purchasing an additional 334,330 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 1.3%

NASDAQ RDVY opened at $67.00 on Tuesday. The stock’s 50-day simple moving average is $66.21 and its two-hundred day simple moving average is $62.35. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $68.11. The company has a market capitalization of $17.32 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.1487 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.59 dividend on an annualized basis and a yield of 0.9%.

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.