First Trust Rising Dividend Achievers ETF $RDVY Stake Boosted by Next Level Private LLC

Next Level Private LLC lifted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 362,555 shares of the company’s stock after acquiring an additional 33,919 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for approximately 5.6% of Next Level Private LLC’s investment portfolio, making the stock its 2nd largest holding. Next Level Private LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $24,755,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in the business. Financial Perspectives Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at approximately $26,000. Huntington National Bank raised its stake in First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares in the last quarter. Trust Co. of Vermont bought a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $27,000. United Community Bank purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth $36,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $79.29 on Monday. First Trust Rising Dividend Achievers ETF has a 12-month low of $61.84 and a 12-month high of $80.28. The stock’s fifty day simple moving average is $75.87 and its two-hundred day simple moving average is $72.70. The stock has a market capitalization of $23.29 billion, a PE ratio of 15.46 and a beta of 1.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be paid a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, June 25th.

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.