First Trust Rising Dividend Achievers ETF $RDVY is Envision Financial LLC’s 9th Largest Position

Envision Financial LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 118,126 shares of the company’s stock after purchasing an additional 6,284 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 4.4% of Envision Financial LLC’s investment portfolio, making the stock its 9th biggest position. Envision Financial LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,575,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in RDVY. LPL Financial LLC grew its stake in shares of 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 valued at $2,119,121,000 after buying an additional 2,907,770 shares during the last quarter. Morgan Stanley lifted its stake in shares of 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 acquiring an additional 940,590 shares during the last quarter. Raymond James Financial Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 2.2% in the 4th quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock valued at $784,018,000 after acquiring an additional 243,585 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after acquiring an additional 1,076,558 shares during the period. Finally, Bank of America Corp DE boosted its holdings in First Trust Rising Dividend Achievers ETF by 3.0% during the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after acquiring an additional 219,060 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $83.25 on Wednesday. The stock’s 50 day simple moving average is $79.82 and its 200 day simple moving average is $74.93. First Trust Rising Dividend Achievers ETF has a 1 year low of $64.11 and a 1 year high of $83.99. The firm has a market cap of $25.53 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 annualized dividend and a dividend yield of 0.7%.

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.