First Trust Rising Dividend Achievers ETF $RDVY Holdings Raised by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 12.5% in the second quarter, HoldingsChannel reports. The institutional investor owned 367,052 shares of the company’s stock after purchasing an additional 40,726 shares during the period. Benjamin Edwards Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $23,029,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of RDVY. Raymond James Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 9.7% during the first quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock worth $644,088,000 after acquiring an additional 971,388 shares in the last quarter. Ameriprise Financial Inc. increased its position in First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after purchasing an additional 957,587 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of First Trust Rising Dividend Achievers ETF by 26.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock worth $271,583,000 after purchasing an additional 907,673 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 44.3% during the 2nd quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock valued at $88,082,000 after buying an additional 430,935 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 12.6% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,349,402 shares of the company’s stock valued at $137,534,000 after buying an additional 263,604 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $69.97 on Friday. The company has a market capitalization of $18.28 billion, a P/E ratio of 15.46 and a beta of 1.10. The stock’s 50 day moving average price is $67.51 and its 200 day moving average price is $65.17. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $70.71.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a dividend of $0.1996 per share. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, December 12th. This represents a $0.80 annualized dividend and a dividend yield of 1.1%.

First Trust Rising Dividend Achievers ETF Profile

(Free Report)

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.

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