Envestnet Portfolio Solutions Inc. Acquires 17,926 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Envestnet Portfolio Solutions Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.5% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 255,623 shares of the company’s stock after purchasing an additional 17,926 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $14,964,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Triumph Capital Management increased its position in shares of First Trust Rising Dividend Achievers ETF by 7.6% during the fourth quarter. Triumph Capital Management now owns 116,915 shares of the company’s stock valued at $6,914,000 after acquiring an additional 8,263 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF by 4.6% during the fourth quarter. Oppenheimer & Co. Inc. now owns 123,295 shares of the company’s stock valued at $7,292,000 after acquiring an additional 5,417 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF by 6.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 1,185,165 shares of the company’s stock valued at $70,091,000 after acquiring an additional 70,422 shares in the last quarter. Paragon Private Wealth Management LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.6% during the fourth quarter. Paragon Private Wealth Management LLC now owns 12,984 shares of the company’s stock valued at $768,000 after purchasing an additional 914 shares in the last quarter. Finally, Intellus Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at $18,380,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $60.67 on Friday. The company has a market cap of $14.43 billion, a P/E ratio of 14.82 and a beta of 1.09. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $64.63. The stock’s fifty day moving average price is $58.95 and its 200-day moving average price is $59.77.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a dividend of $0.2544 per share. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, March 27th.

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.