Kinetic Wealth Investment Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 14,950 shares of the company’s stock, valued at approximately $1,212,000. First Trust Rising Dividend Achievers ETF makes up about 0.6% of Kinetic Wealth Investment Advisors LLC’s holdings, making the stock its 26th biggest position.
A number of other institutional investors also recently modified their holdings of the business. LPL Financial LLC increased its position in First Trust Rising Dividend Achievers ETF by 10.5% during the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after acquiring an additional 2,907,770 shares during the period. Morgan Stanley grew 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 worth $1,400,025,000 after purchasing an additional 940,590 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 2.2% during the 4th quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock worth $784,018,000 after purchasing an additional 243,585 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.6% during the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after purchasing an additional 1,076,558 shares during the period. Finally, Bank of America Corp DE increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock worth $508,298,000 after purchasing an additional 219,060 shares during the period.
First Trust Rising Dividend Achievers ETF Stock Performance
NASDAQ RDVY opened at $82.04 on Tuesday. The company has a market cap of $25.16 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The company has a 50 day moving average of $81.41 and a 200-day moving average of $76.27. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.97 and a 1-year high of $84.02.
First Trust Rising Dividend Achievers ETF Cuts Dividend
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.
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