First Trust Rising Dividend Achievers ETF $RDVY Stock Sold by Avidian Wealth Enterprises LLC

Avidian Wealth Enterprises LLC decreased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 13.8% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 106,751 shares of the company’s stock after selling 17,088 shares during the period. Avidian Wealth Enterprises LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,357,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in RDVY. Arax Advisory Partners purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at $47,643,000. Elevation Point Wealth Partners LLC raised its position in First Trust Rising Dividend Achievers ETF by 1,520.4% during the first quarter. Elevation Point Wealth Partners LLC now owns 722,842 shares of the company’s stock valued at $49,356,000 after buying an additional 678,232 shares during the period. Rockefeller Capital Management L.P. raised its position in First Trust Rising Dividend Achievers ETF by 126.1% during the fourth quarter. Rockefeller Capital Management L.P. now owns 951,998 shares of the company’s stock valued at $66,135,000 after buying an additional 530,990 shares during the period. Rise Advisors LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 5,883.8% in the 4th quarter. Rise Advisors LLC now owns 440,766 shares of the company’s stock worth $30,620,000 after acquiring an additional 433,400 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in First Trust Rising Dividend Achievers ETF by 12.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,492,637 shares of the company’s stock worth $283,113,000 after acquiring an additional 379,961 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.2%

NASDAQ:RDVY traded up $0.18 on Thursday, hitting $79.05. 633,800 shares of the company’s stock traded hands, compared to its average volume of 1,285,383. The company has a market cap of $25.16 billion, a PE 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 price of $81.12 and a 200-day moving average price of $77.61.

First Trust Rising Dividend Achievers ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1521 dividend. The ex-dividend date was Thursday, September 24th. This represents a $0.61 annualized dividend and a yield of 0.8%. This is a boost from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.1474.

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.