First Trust Rising Dividend Achievers ETF $RDVY Holdings Raised by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 126,505 shares of the company’s stock after purchasing an additional 3,276 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 1.6% of Sovereign Financial Group Inc.’s holdings, making the stock its 13th biggest holding. Sovereign Financial Group Inc. owned 0.05% of First Trust Rising Dividend Achievers ETF worth $7,937,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. WealthCare Investment Partners LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% during the second quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock valued at $3,799,000 after purchasing an additional 161 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 34.2% during the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after purchasing an additional 165 shares during the last quarter. Barrett & Company Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.7% during the second quarter. Barrett & Company Inc. now owns 31,120 shares of the company’s stock valued at $1,952,000 after purchasing an additional 206 shares during the last quarter. Kaydan Wealth Management Inc. lifted its holdings in shares of 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 purchasing an additional 207 shares during the last quarter. Finally, Purus Wealth Management LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 0.4% in the 1st quarter. Purus Wealth Management LLC now owns 50,320 shares of the company’s stock worth $2,946,000 after acquiring an additional 207 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 2.7%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $65.02 on Friday. The stock has a 50-day moving average price of $65.89 and a 200 day moving average price of $61.94. The company has a market cap of $16.74 billion, a P/E ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.1487 dividend. This represents a $0.59 annualized dividend and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 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.