First Trust Rising Dividend Achievers ETF $RDVY is RVW Wealth LLC’s 7th Largest Position

RVW Wealth LLC increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 586,906 shares of the company’s stock after purchasing an additional 16,196 shares during the period. First Trust Rising Dividend Achievers ETF accounts for 3.1% of RVW Wealth LLC’s portfolio, making the stock its 7th largest holding. RVW Wealth LLC owned 0.19% of First Trust Rising Dividend Achievers ETF worth $47,575,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. LPL Financial LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% during the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after purchasing an additional 2,907,770 shares in the last quarter. Wells Fargo & Company MN boosted its stake in First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after purchasing an additional 1,076,558 shares during the period. Ameriprise Financial Inc. boosted 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 worth $442,526,000 after purchasing an additional 957,587 shares during the period. Morgan Stanley boosted its stake in First Trust Rising Dividend Achievers ETF by 4.9% in the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after purchasing an additional 940,590 shares during the period. Finally, Arax Advisory Partners purchased a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at approximately $47,643,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $83.22 on Friday. First Trust Rising Dividend Achievers ETF has a one year low of $63.28 and a one year high of $83.99. The company’s fifty day moving average price is $79.35 and its 200-day moving average price is $74.70. The company has a market capitalization of $25.52 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business 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 annualized dividend 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.