First Trust Rising Dividend Achievers ETF $RDVY is RVW Wealth LLC’s 7th Largest Position

RVW Wealth LLC increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 586,906 shares of the company’s stock after buying an additional 16,196 shares during the period. First Trust Rising Dividend Achievers ETF accounts for approximately 3.1% of RVW Wealth LLC’s portfolio, making the stock its 7th largest position. RVW Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $47,575,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of RDVY. Huntington National Bank lifted its position in First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares during the last quarter. Financial Perspectives Inc bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at about $26,000. United Community Bank bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at about $28,000. Bessemer Group Inc. purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter worth about $29,000. Finally, Anchor Investment Management LLC purchased a new position in First Trust Rising Dividend Achievers ETF in the first quarter worth about $34,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ RDVY opened at $83.22 on Friday. First Trust Rising Dividend Achievers ETF has a 1-year low of $63.28 and a 1-year high of $83.99. The business’s 50 day moving average is $79.35 and its two-hundred day moving average is $74.70. The stock has a market capitalization of $25.52 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 announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.1474 dividend. 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%.

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.