CoreCap Advisors LLC Purchases 7,849 Shares of First Trust Rising Dividend Achievers ETF $RDVY

CoreCap Advisors LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 367.6% during the 2nd quarter, Holdings Channel.com reports. The firm owned 9,984 shares of the company’s stock after purchasing an additional 7,849 shares during the period. CoreCap Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $809,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Howard Financial Services LTD. increased its position in First Trust Rising Dividend Achievers ETF by 4.0% in the second quarter. Howard Financial Services LTD. now owns 299,667 shares of the company’s stock worth $24,291,000 after purchasing an additional 11,563 shares during the period. Private Client Services LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the 2nd quarter. Private Client Services LLC now owns 12,343 shares of the company’s stock valued at $1,001,000 after acquiring an additional 218 shares during the last quarter. KERR FINANCIAL PLANNING Corp raised its position in shares of First Trust Rising Dividend Achievers ETF by 58.4% in the 2nd quarter. KERR FINANCIAL PLANNING Corp now owns 8,716 shares of the company’s stock valued at $707,000 after acquiring an additional 3,215 shares during the period. Western Wealth Management LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 4.4% during the 1st quarter. Western Wealth Management LLC now owns 353,709 shares of the company’s stock worth $24,151,000 after acquiring an additional 15,055 shares during the last quarter. Finally, Southern Financial Group LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 10.6% during the 1st quarter. Southern Financial Group LLC now owns 22,658 shares of the company’s stock worth $1,547,000 after acquiring an additional 2,166 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $83.32 on Friday. The firm’s fifty day moving average is $79.51 and its two-hundred day moving average is $74.76. The firm has a market cap of $25.55 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a twelve month low of $63.58 and a twelve month high of $83.99.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.