Good Life Advisors LLC Increases Stake in First Trust Rising Dividend Achievers ETF $RDVY

Good Life Advisors LLC grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 290,787 shares of the company’s stock after purchasing an additional 15,634 shares during the period. First Trust Rising Dividend Achievers ETF comprises approximately 1.1% of Good Life Advisors LLC’s investment portfolio, making the stock its 19th largest holding. Good Life Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $18,244,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 11.2% in the 1st 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 during the period. Raymond James Financial Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 9.7% in the first quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after buying an additional 971,388 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of First Trust Rising Dividend Achievers ETF by 26.5% in the second quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock worth $271,583,000 after acquiring an additional 907,673 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 7.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock worth $355,598,000 after acquiring an additional 434,447 shares in the last quarter. Finally, Truist Financial Corp boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 44.3% during the 2nd quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock worth $88,082,000 after acquiring an additional 430,935 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.4%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $68.23 on Thursday. The firm has a market cap of $17.83 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $68.49. The business has a 50-day moving average price of $66.96 and a 200 day moving average price of $63.88.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

About First Trust Rising Dividend Achievers ETF

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.