First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Kestra Advisory Services LLC

Kestra Advisory Services LLC grew its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,885,091 shares of the company’s stock after acquiring an additional 128,750 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises approximately 0.7% of Kestra Advisory Services LLC’s portfolio, making the stock its 15th biggest position. Kestra Advisory Services LLC owned approximately 0.98% of First Trust Rising Dividend Achievers ETF worth $196,994,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RDVY. LPL Financial LLC lifted its position in First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after purchasing an additional 2,907,770 shares during the period. Wells Fargo & Company MN raised its position in First Trust Rising Dividend Achievers ETF by 10.6% during 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 during the last quarter. Ameriprise Financial Inc. lifted its stake in First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after buying an additional 957,587 shares in the last quarter. Morgan Stanley boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after acquiring an additional 940,590 shares during the last quarter. Finally, Arax Advisory Partners acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $47,643,000.

First Trust Rising Dividend Achievers ETF Trading Up 1.3%

Shares of NASDAQ:RDVY opened at $79.85 on Friday. The stock’s 50-day moving average price is $76.89 and its two-hundred day moving average price is $73.36. First Trust Rising Dividend Achievers ETF has a 12-month low of $61.84 and a 12-month high of $81.36. The firm has a market cap of $24.23 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given 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 of this dividend was Thursday, June 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.