Altus Wealth Group LLC Increases Position in First Trust Rising Dividend Achievers ETF $RDVY

Altus Wealth Group LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,606 shares of the company’s stock after purchasing an additional 337 shares during the period. Altus Wealth Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,356,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in RDVY. LPL Financial LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 11.2% in the 1st quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock worth $1,386,612,000 after acquiring an additional 2,379,430 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 9.7% during the 1st quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after acquiring an additional 971,388 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.7% in the first quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock valued at $355,598,000 after purchasing an additional 434,447 shares during the period. Truist Financial Corp increased its position in First Trust Rising Dividend Achievers ETF by 44.3% during the second quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock worth $88,082,000 after purchasing an additional 430,935 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock valued at $200,267,000 after purchasing an additional 334,330 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $66.11 on Monday. The company has a market capitalization of $17.09 billion, a P/E ratio of 15.46 and a beta of 1.15. The company has a 50 day simple moving average of $66.14 and a 200-day simple moving average of $62.25. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.1487 dividend. This represents a $0.59 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend 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.