First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by MGO One Seven LLC

MGO One Seven LLC grew its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 44,638 shares of the company’s stock after buying an additional 2,107 shares during the quarter. MGO One Seven LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,801,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the business. LPL Financial LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 11.2% in the first quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after buying an additional 2,379,430 shares during the last quarter. Raymond James Financial Inc. increased its position in First Trust Rising Dividend Achievers ETF by 9.7% during the first quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock worth $644,088,000 after purchasing an additional 971,388 shares during the last quarter. Commonwealth Equity Services LLC increased its position in First Trust Rising Dividend Achievers ETF by 7.7% during the first quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock worth $355,598,000 after purchasing an additional 434,447 shares during the last quarter. Royal Bank of Canada increased its position in First Trust Rising Dividend Achievers ETF by 3.5% during the first quarter. Royal Bank of Canada now owns 3,521,054 shares of the company’s stock worth $206,123,000 after purchasing an additional 118,032 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in First Trust Rising Dividend Achievers ETF by 10.8% during the first quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock worth $200,267,000 after purchasing an additional 334,330 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.8%

First Trust Rising Dividend Achievers ETF stock opened at $66.58 on Wednesday. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $68.11. The stock has a market cap of $17.14 billion, a P/E ratio of 15.46 and a beta of 1.15. The company has a 50-day moving average price of $66.00 and a 200 day moving average price of $62.05.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were given a dividend of $0.1487 per share. This represents a $0.59 annualized dividend and a yield of 0.9%. The ex-dividend date was Thursday, September 25th.

About First Trust Rising Dividend Achievers ETF

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.