Rise Advisors LLC Has $39.77 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Rise Advisors LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 490,602 shares of the company’s stock after purchasing an additional 18,206 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 11.2% of Rise Advisors LLC’s investment portfolio, making the stock its 2nd largest holding. Rise Advisors LLC owned 0.16% of First Trust Rising Dividend Achievers ETF worth $39,768,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. Financial Perspectives Inc bought a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $26,000. Huntington National Bank raised its position in First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after acquiring an additional 370 shares during the period. United Community Bank bought a new stake in First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $28,000. Bessemer Group Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter valued at about $29,000. Finally, Anchor Investment Management LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter valued at about $34,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

First Trust Rising Dividend Achievers ETF stock opened at $83.25 on Wednesday. The firm has a 50 day moving average price of $79.82 and a 200-day moving average price of $74.93. First Trust Rising Dividend Achievers ETF has a twelve month low of $64.11 and a twelve month high of $83.99. The company 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 company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1474 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.59 annualized dividend and a yield of 0.7%.

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.