First Trust Rising Dividend Achievers ETF $RDVY Stock Holdings Lifted by NewEdge Advisors LLC

NewEdge Advisors LLC raised its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.5% in the first quarter, Holdings Channel reports. The firm owned 1,437,974 shares of the company’s stock after buying an additional 125,245 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $98,185,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in RDVY. Basepoint Wealth LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 4.5% in the first quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock worth $218,000 after buying an additional 136 shares during the last quarter. Retirement Planning Group LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 1.8% in the first quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock valued at $547,000 after acquiring an additional 138 shares during the last quarter. MBE Wealth Management LLC grew its position in First Trust Rising Dividend Achievers ETF by 2.7% in the first quarter. MBE Wealth Management LLC now owns 6,798 shares of the company’s stock worth $464,000 after acquiring an additional 179 shares in the last quarter. Castleview Partners LLC grew its position in First Trust Rising Dividend Achievers ETF by 2.8% in the first quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock worth $471,000 after acquiring an additional 189 shares in the last quarter. Finally, Acorn Wealth Advisors LLC grew its position in First Trust Rising Dividend Achievers ETF by 3.7% in the fourth quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock worth $381,000 after acquiring an additional 197 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.2%

Shares of RDVY opened at $83.34 on Thursday. The firm has a market cap of $25.56 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The company’s fifty day moving average is $79.19 and its 200-day moving average is $74.62. First Trust Rising Dividend Achievers ETF has a 12 month low of $63.28 and a 12 month high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, June 25th.

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.