First Trust Rising Dividend Achievers ETF $RDVY is NewEdge Advisors LLC’s 10th Largest Position

NewEdge Advisors LLC lessened its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,157,890 shares of the company’s stock after selling 154,839 shares during the period. First Trust Rising Dividend Achievers ETF accounts for approximately 1.5% of NewEdge Advisors LLC’s investment portfolio, making the stock its 10th largest holding. NewEdge Advisors LLC owned about 0.39% of First Trust Rising Dividend Achievers ETF worth $79,061,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in RDVY. Bank of America Corp DE grew its position in shares of First Trust Rising Dividend Achievers ETF by 3.0% in the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock worth $508,298,000 after buying an additional 219,060 shares during the last quarter. Graney & King LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 20.1% in the first quarter. Graney & King LLC now owns 71,449 shares of the company’s stock valued at $4,879,000 after acquiring an additional 11,974 shares in the last quarter. Centaurus Financial Inc. grew its holdings in First Trust Rising Dividend Achievers ETF by 187.8% in the first quarter. Centaurus Financial Inc. now owns 23,137 shares of the company’s stock worth $1,580,000 after purchasing an additional 15,098 shares during the last quarter. Arkadios Wealth Advisors grew its holdings in First Trust Rising Dividend Achievers ETF by 81.1% in the first quarter. Arkadios Wealth Advisors now owns 399,950 shares of the company’s stock worth $27,309,000 after purchasing an additional 179,136 shares during the last quarter. Finally, IFS Group LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the first quarter worth $2,863,000.

First Trust Rising Dividend Achievers ETF Trading Down 1.5%

Shares of RDVY opened at $79.81 on Thursday. The firm has a market cap of $24.36 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $62.02 and a 12 month high of $81.36. The stock has a fifty day moving average price of $78.54 and a 200-day moving average price of $74.28.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a yield of 0.7%.

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.