Elevation Point Wealth Partners LLC Has $4.11 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Elevation Point Wealth Partners LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 8.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 65,483 shares of the company’s stock after buying an additional 4,848 shares during the quarter. Elevation Point Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,108,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the stock. Raymond James Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 9.7% during the first quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock worth $644,088,000 after acquiring an additional 971,388 shares in the last quarter. Commonwealth Equity Services LLC raised its stake 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 worth $355,598,000 after purchasing an additional 434,447 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 26.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after buying an additional 907,673 shares during the last quarter. Royal Bank of Canada grew its stake in shares of First Trust Rising Dividend Achievers ETF by 3.5% in the first quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock valued at $206,123,000 after buying an additional 118,032 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Rising Dividend Achievers ETF by 3.6% in the second quarter. Cetera Investment Advisers now owns 2,795,239 shares of the company’s stock valued at $175,373,000 after buying an additional 97,920 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.5%

NASDAQ RDVY opened at $68.10 on Thursday. The firm has a market capitalization of $17.79 billion, a P/E ratio of 15.46 and a beta of 1.10. The firm’s fifty day moving average price is $67.04 and its two-hundred day moving average price is $64.49. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.49.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.1487 dividend. 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.