Next Level Private LLC Buys 16,042 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Next Level Private LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.4% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 378,597 shares of the company’s stock after buying an additional 16,042 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 6.0% of Next Level Private LLC’s holdings, making the stock its 3rd biggest holding. Next Level Private LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $30,689,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the stock. Huntington National Bank lifted its stake in shares of 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 valued at $26,000 after acquiring an additional 370 shares during the last quarter. Financial Perspectives Inc bought a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $26,000. United Community Bank bought a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $28,000. Bessemer Group Inc. bought a new stake in First Trust Rising Dividend Achievers ETF during the 1st quarter worth $29,000. Finally, Anchor Investment Management LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter worth about $34,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $83.32 on Monday. The stock has a market cap of $25.55 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 $63.58 and a 12-month high of $83.99. The business has a 50-day simple moving average of $79.51 and a two-hundred day simple moving average of $74.77.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared 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. This represents a $0.59 annualized dividend and a dividend yield of 0.7%. The ex-dividend date 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.