First Trust Rising Dividend Achievers ETF $RDVY Stock Position Raised by Nestegg Advisors Inc.

Nestegg Advisors Inc. boosted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.6% in the second quarter, HoldingsChannel reports. The firm owned 124,730 shares of the company’s stock after acquiring an additional 10,910 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 7.1% of Nestegg Advisors Inc.’s holdings, making the stock its 4th largest holding. Nestegg Advisors Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $10,111,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC lifted its holdings in shares of 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 buying 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 acquiring an additional 940,590 shares during the period. 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 acquiring an additional 243,585 shares during the period. Wells Fargo & Company MN increased its position in First Trust Rising Dividend Achievers ETF by 10.6% during the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after acquiring an additional 1,076,558 shares during the last quarter. Finally, Bank of America Corp DE increased its position in First Trust Rising Dividend Achievers ETF by 3.0% during the first quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock valued at $508,298,000 after acquiring an additional 219,060 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $83.56 on Thursday. The stock has a market cap of $25.63 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1 year low of $64.34 and a 1 year high of $83.99. The firm’s 50 day moving average price is $79.97 and its 200-day moving average price is $75.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

First Trust Rising Dividend Achievers ETF 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.