Envestnet Portfolio Solutions Inc. Sells 21,228 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Envestnet Portfolio Solutions Inc. lowered its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 8.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 225,724 shares of the company’s stock after selling 21,228 shares during the quarter. Envestnet Portfolio Solutions Inc. owned about 0.09% of First Trust Rising Dividend Achievers ETF worth $15,182,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. First Horizon Corp acquired a new position in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $25,000. Mather Group LLC. acquired a new position in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth about $31,000. Private Wealth Asset Management LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock valued at $33,000 after acquiring an additional 352 shares during the last quarter. Quaker Wealth Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 200.2% in the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock valued at $36,000 after acquiring an additional 1,135 shares during the period. Finally, Raleigh Capital Management Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 34.2% during the 2nd quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 165 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $71.74 on Friday. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $73.11. The stock has a market cap of $20.05 billion, a P/E ratio of 15.46 and a beta of 1.10. The firm has a 50 day moving average price of $69.88 and a 200 day moving average price of $67.19.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.