Wedbush Securities Inc. Purchases 8,022 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Wedbush Securities Inc. grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 84,936 shares of the company’s stock after purchasing an additional 8,022 shares during the quarter. Wedbush Securities Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,885,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in RDVY. AQR Capital Management LLC grew its stake in First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after acquiring an additional 12,820 shares during the period. First Trust Advisors LP raised its holdings in First Trust Rising Dividend Achievers ETF by 104.0% during the second quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after buying an additional 12,204 shares during the last quarter. Cerity Partners LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock valued at $355,000 after buying an additional 1,561 shares in the last quarter. Betterment LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 19.4% in the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after buying an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the second quarter valued at about $1,433,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $82.06 on Friday. The company has a 50-day moving average price of $81.15 and a 200-day moving average price of $75.85. The stock has a market capitalization of $25.17 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1 year low of $64.75 and a 1 year high of $84.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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