Puff Wealth Management LLC Makes New $631,000 Investment in First Trust Rising Dividend Achievers ETF $RDVY

Puff Wealth Management LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 7,782 shares of the company’s stock, valued at approximately $631,000.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC grew its position in shares of First Trust Rising Dividend Achievers ETF by 10.5% in the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after purchasing an additional 2,907,770 shares during the period. Wells Fargo & Company MN raised its holdings in First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after buying an additional 1,076,558 shares during the period. Ameriprise Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after buying an additional 957,587 shares during the period. Morgan Stanley lifted its stake in First Trust Rising Dividend Achievers ETF by 4.9% in the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after buying an additional 940,590 shares in the last quarter. Finally, Arax Advisory Partners bought a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $47,643,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

First Trust Rising Dividend Achievers ETF stock opened at $83.32 on Friday. The company has a 50 day moving average of $79.51 and a 200-day moving average of $74.76. First Trust Rising Dividend Achievers ETF has a twelve month low of $63.58 and a twelve month high of $83.99. The stock has a market capitalization of $25.55 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 disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.1474 dividend. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend 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.