LVZ Inc. Has $4.98 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

LVZ Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYFree Report) by 10.9% in the 1st quarter, Holdings Channel.com reports. The fund owned 72,915 shares of the company’s stock after buying an additional 7,193 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 0.6% of LVZ Inc.’s holdings, making the stock its 16th biggest position. LVZ Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,979,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of RDVY. Financial Perspectives Inc acquired a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at $26,000. Huntington National Bank increased its position in First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after purchasing an additional 370 shares during the last quarter. Trust Co. of Vermont acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $27,000. United Community Bank acquired a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $36,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $80.14 on Monday. The company has a market capitalization of $24.20 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $61.84 and a fifty-two week high of $81.36. The business has a 50-day moving average of $76.49 and a 200-day moving average of $73.07.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued 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

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding RDVY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYFree Report).

Institutional Ownership by Quarter for First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

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