Serenity Investment Advisors Increases Position in First Trust Rising Dividend Achievers ETF $RDVY

Serenity Investment Advisors grew its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 34.1% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 28,004 shares of the company’s stock after buying an additional 7,116 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 1.0% of Serenity Investment Advisors’ investment portfolio, making the stock its 21st biggest position. Serenity Investment Advisors’ holdings in First Trust Rising Dividend Achievers ETF were worth $2,282,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LPL Financial LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after acquiring an additional 2,907,770 shares during the period. Morgan Stanley grew its holdings in shares of 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 worth $1,400,025,000 after purchasing an additional 940,590 shares during the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.2% in the fourth quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock worth $784,018,000 after purchasing an additional 243,585 shares during the last quarter. Wells Fargo & Company MN increased its stake in First Trust Rising Dividend Achievers ETF by 10.6% in 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. Finally, Bank of America Corp DE lifted its holdings in First Trust Rising Dividend Achievers ETF by 3.0% during the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after buying an additional 219,060 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $82.04 on Monday. The stock has a market cap of $25.16 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1 year low of $64.97 and a 1 year high of $84.02. The firm has a 50-day moving average of $81.37 and a two-hundred day moving average of $76.20.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.