Howard Financial Services LTD. Has $24.29 Million Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Howard Financial Services LTD. raised its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 299,667 shares of the company’s stock after buying an additional 11,563 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 2.4% of Howard Financial Services LTD.’s portfolio, making the stock its 13th largest position. Howard Financial Services LTD.’s holdings in First Trust Rising Dividend Achievers ETF were worth $24,291,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently bought and sold shares of RDVY. LPL Financial LLC boosted its holdings in shares of 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 worth $2,119,121,000 after buying an additional 2,907,770 shares during the period. Wells Fargo & Company MN raised its holdings in shares of 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 valued at $783,359,000 after acquiring an additional 1,076,558 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after acquiring an additional 957,587 shares during the period. Morgan Stanley raised its holdings 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 period. Finally, Arax Advisory Partners purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at approximately $47,643,000.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $83.20 on Wednesday. The company has a 50 day moving average price of $79.04 and a 200 day moving average price of $74.55. First Trust Rising Dividend Achievers ETF has a 52 week low of $63.12 and a 52 week high of $83.35. The firm has a market capitalization of $25.48 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. Shareholders of record on Thursday, June 25th were paid a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a 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.