First Trust Rising Dividend Achievers ETF $RDVY is Liberty Square Wealth Partners LLC’s Largest Position

Liberty Square Wealth Partners LLC grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 805,324 shares of the company’s stock after purchasing an additional 69,304 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 15.3% of Liberty Square Wealth Partners LLC’s holdings, making the stock its biggest holding. Liberty Square Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $54,987,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. LPL Financial LLC increased its stake in First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after buying an additional 2,907,770 shares during the period. Morgan Stanley boosted its position in 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 buying an additional 940,590 shares during the period. Raymond James Financial Inc. boosted its position in 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 buying an additional 243,585 shares during the period. Wells Fargo & Company MN grew its stake in shares of First Trust Rising Dividend Achievers ETF by 10.6% in the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after acquiring an additional 1,076,558 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after acquiring an additional 957,587 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.6%

First Trust Rising Dividend Achievers ETF stock opened at $80.00 on Friday. First Trust Rising Dividend Achievers ETF has a twelve month low of $62.02 and a twelve month high of $81.36. The stock’s fifty day simple moving average is $77.55 and its 200-day simple moving average is $73.74. The firm has a market capitalization of $24.33 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 dividend on an annualized basis and a yield of 0.7%.

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.