Envestnet Portfolio Solutions Inc. Has $15.18 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Envestnet Portfolio Solutions Inc. reduced its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 8.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 225,724 shares of the company’s stock after selling 21,228 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $15,182,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVY. Ameriprise Financial Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after buying an additional 957,587 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 26.5% during the second quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock worth $271,583,000 after acquiring an additional 907,673 shares in the last quarter. Truist Financial Corp boosted its position in First Trust Rising Dividend Achievers ETF by 44.3% during the second quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock valued at $88,082,000 after purchasing an additional 430,935 shares during the last quarter. Bank of America Corp DE boosted its position in First Trust Rising Dividend Achievers ETF by 4.1% during the second quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock valued at $410,135,000 after purchasing an additional 258,172 shares during the last quarter. Finally, Gladstone Institutional Advisory LLC grew its stake in First Trust Rising Dividend Achievers ETF by 102.6% in the third quarter. Gladstone Institutional Advisory LLC now owns 460,658 shares of the company’s stock valued at $30,984,000 after purchasing an additional 233,305 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.7%

NASDAQ:RDVY opened at $71.74 on Friday. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $73.11. The firm has a market capitalization of $20.05 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. The stock’s 50 day moving average price is $69.88 and its two-hundred day moving average price is $67.19.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.1996 per share. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%.

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.