Accel Wealth Management Has $10.26 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Accel Wealth Management grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 126,515 shares of the company’s stock after purchasing an additional 11,868 shares during the period. First Trust Rising Dividend Achievers ETF accounts for 2.3% of Accel Wealth Management’s portfolio, making the stock its 6th biggest position. Accel Wealth Management’s holdings in First Trust Rising Dividend Achievers ETF were worth $10,255,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of RDVY. LPL Financial LLC boosted its holdings 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 buying an additional 2,907,770 shares during the period. Wells Fargo & Company MN grew its position in shares of 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 valued at $783,359,000 after buying an additional 1,076,558 shares during the last quarter. Ameriprise Financial Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after acquiring an additional 957,587 shares during the period. Morgan Stanley raised its stake in First Trust Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after acquiring an additional 940,590 shares during the period. Finally, Arax Advisory Partners bought a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $47,643,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

Shares of NASDAQ RDVY opened at $83.25 on Wednesday. The firm’s 50-day moving average price is $79.82 and its two-hundred day moving average price is $74.93. First Trust Rising Dividend Achievers ETF has a 52-week low of $64.11 and a 52-week high of $83.99. The stock has a market capitalization of $25.53 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1474 per share. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date was Thursday, June 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.