Focus Partners Advisor Solutions LLC Grows Stake in First Trust Rising Dividend Achievers ETF $RDVY

Focus Partners Advisor Solutions LLC grew its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,276 shares of the company’s stock after purchasing an additional 1,134 shares during the period. Focus Partners Advisor Solutions LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $770,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. LPL Financial LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 11.2% during the 1st quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after purchasing an additional 2,379,430 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 9.7% during the 1st quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after purchasing an additional 971,388 shares in the last quarter. Commonwealth Equity Services LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 7.7% during the 1st quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock valued at $355,598,000 after purchasing an additional 434,447 shares in the last quarter. Royal Bank of Canada grew its position in shares of First Trust Rising Dividend Achievers ETF by 3.5% during the 1st quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock valued at $206,123,000 after purchasing an additional 118,032 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF by 10.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock valued at $200,267,000 after purchasing an additional 334,330 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ RDVY opened at $68.09 on Wednesday. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.43. The company has a market capitalization of $17.70 billion, a P/E ratio of 15.46 and a beta of 1.10. The company has a fifty day moving average of $66.52 and a 200-day moving average of $62.93.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.