Flaharty Asset Management LLC Takes $940,000 Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Flaharty Asset Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 19,563 shares of the company’s stock, valued at approximately $940,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Morgan Stanley increased its position in shares of First Trust Rising Dividend Achievers ETF by 64.0% during the 1st quarter. Morgan Stanley now owns 6,425,975 shares of the company’s stock valued at $292,318,000 after purchasing an additional 2,506,572 shares during the last quarter. UBS Group AG increased its position in shares of First Trust Rising Dividend Achievers ETF by 34.4% during the 1st quarter. UBS Group AG now owns 2,506,397 shares of the company’s stock valued at $114,016,000 after purchasing an additional 641,305 shares during the last quarter. Advisor Group Holdings Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 85.5% during the 2nd quarter. Advisor Group Holdings Inc. now owns 1,920,153 shares of the company’s stock valued at $92,269,000 after acquiring an additional 884,855 shares during the period. Ameriprise Financial Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 21.2% during the 1st quarter. Ameriprise Financial Inc. now owns 1,741,264 shares of the company’s stock valued at $80,313,000 after acquiring an additional 304,820 shares during the period. Finally, Envestnet Asset Management Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 19.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,448,281 shares of the company’s stock valued at $69,575,000 after acquiring an additional 230,978 shares during the period.

RDVY traded up $0.22 during trading hours on Tuesday, reaching $47.59. 400 shares of the company’s stock traded hands, compared to its average volume of 836,809. The firm has a 50-day moving average price of $48.57 and a 200 day moving average price of $47.74. First Trust Rising Dividend Achievers ETF has a 52-week low of $31.17 and a 52-week high of $50.05.

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

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