DAVENPORT & Co LLC Grows Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

DAVENPORT & Co LLC lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 122,493 shares of the company’s stock after purchasing an additional 5,266 shares during the quarter. DAVENPORT & Co LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $7,685,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. WealthCare Investment Partners LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the second quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock valued at $3,799,000 after purchasing an additional 161 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 34.2% in the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after purchasing an additional 165 shares during the last quarter. Barrett & Company Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.7% in the second quarter. Barrett & Company Inc. now owns 31,120 shares of the company’s stock valued at $1,952,000 after purchasing an additional 206 shares during the last quarter. Kaydan Wealth Management Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.1% in the first quarter. Kaydan Wealth Management Inc. now owns 18,404 shares of the company’s stock valued at $1,077,000 after purchasing an additional 207 shares during the last quarter. Finally, Purus Wealth Management LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.4% in the first quarter. Purus Wealth Management LLC now owns 50,320 shares of the company’s stock valued at $2,946,000 after purchasing an additional 207 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $67.22 on Wednesday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $68.11. The stock has a market cap of $17.25 billion, a PE ratio of 15.46 and a beta of 1.15. The stock has a 50 day moving average price of $65.70 and a 200 day moving average price of $61.81.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.1487 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.59 annualized dividend and a yield of 0.9%.

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.