SMART Wealth LLC lessened its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 11.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 103,047 shares of the company’s stock after selling 13,249 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 1.8% of SMART Wealth LLC’s investment portfolio, making the stock its 7th biggest position. SMART Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,353,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also modified their holdings of the stock. LPL Financial LLC grew 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 valued at $2,119,121,000 after acquiring an additional 2,907,770 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in 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 buying an additional 1,076,558 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in 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 buying an additional 957,587 shares in the last quarter. Morgan Stanley boosted its position in 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 valued at $1,400,025,000 after buying an additional 940,590 shares during the last quarter. Finally, Arax Advisory Partners purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter valued at about $47,643,000.
First Trust Rising Dividend Achievers ETF Price Performance
Shares of First Trust Rising Dividend Achievers ETF stock opened at $82.11 on Friday. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.97 and a 1-year high of $84.02. The company has a market capitalization of $25.18 billion, a PE ratio of 15.46 and a beta of 1.00. The business has a 50-day moving average of $81.32 and a 200-day moving average of $76.13.
First Trust Rising Dividend Achievers ETF Cuts Dividend
First Trust Rising Dividend Achievers ETF Company 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.
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