First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Elevation Point Wealth Partners LLC

Elevation Point Wealth Partners LLC increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1,520.4% in the first quarter, Holdings Channel.com reports. The firm owned 722,842 shares of the company’s stock after purchasing an additional 678,232 shares during the period. First Trust Rising Dividend Achievers ETF accounts for 1.1% of Elevation Point Wealth Partners LLC’s investment portfolio, making the stock its 12th largest holding. Elevation Point Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $49,356,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in RDVY. Balefire LLC raised its stake in First Trust Rising Dividend Achievers ETF by 32.1% during the fourth quarter. Balefire LLC now owns 39,521 shares of the company’s stock worth $2,746,000 after purchasing an additional 9,594 shares during the period. Genesis Private Wealth LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF by 7.1% during the 4th quarter. Genesis Private Wealth LLC now owns 112,076 shares of the company’s stock valued at $7,786,000 after buying an additional 7,444 shares during the period. Cliftonlarsonallen Wealth Advisors LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth $743,000. Flagship Harbor Advisors LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 23.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 162,537 shares of the company’s stock worth $11,291,000 after buying an additional 30,610 shares during the period. Finally, Aptus Capital Advisors LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 12.8% in the third quarter. Aptus Capital Advisors LLC now owns 611,322 shares of the company’s stock valued at $41,118,000 after acquiring an additional 69,263 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Down 0.5%

RDVY stock opened at $80.14 on Friday. The company has a market cap of $24.13 billion, a PE ratio of 15.46 and a beta of 1.00. The stock has a 50-day moving average price of $76.38 and a two-hundred day moving average price of $73.00. First Trust Rising Dividend Achievers ETF has a 12-month low of $61.84 and a 12-month high of $81.36.

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 issued a dividend of $0.1474 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%.

First Trust Rising Dividend Achievers ETF 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.