Sovereign Financial Group Inc. Purchases 7,094 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Posted by Brian Himes on Jun 23rd, 2026

Sovereign Financial Group Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 5.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 137,635 shares of the company’s stock after acquiring an additional 7,094 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 1.6% of Sovereign Financial Group Inc.’s portfolio, making the stock its 14th biggest holding. Sovereign Financial Group Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,398,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. LPL Financial LLC boosted its position in First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after purchasing an additional 2,907,770 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after purchasing an additional 1,076,558 shares during the period. Ameriprise Financial Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares during the last quarter. Morgan Stanley increased its position in shares of First Trust Rising Dividend Achievers ETF by 4.9% during the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after purchasing an additional 940,590 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 74.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock worth $114,816,000 after purchasing an additional 725,742 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.7%

RDVY opened at $79.69 on Tuesday. The company has a market cap of $23.41 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. The company’s 50 day moving average is $75.38 and its 200 day moving average is $72.42. First Trust Rising Dividend Achievers ETF has a 12-month low of $60.30 and a 12-month high of $80.05.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.1813 per share. This represents a $0.73 dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend was Thursday, March 26th.

About First Trust Rising Dividend Achievers ETF

(Free Report)

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.