Claro Advisors LLC Grows Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Claro Advisors LLC grew its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,377 shares of the company’s stock after acquiring an additional 1,414 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 0.8% of Claro Advisors LLC’s holdings, making the stock its 24th largest position. Claro Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of New York Mellon Corp increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 440.8% in the first quarter. Bank of New York Mellon Corp now owns 27,683 shares of the company’s stock valued at $1,621,000 after purchasing an additional 22,564 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 10.8% in the first quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock valued at $200,267,000 after purchasing an additional 334,330 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 24.6% in the first quarter. Brown Advisory Inc. now owns 24,275 shares of the company’s stock valued at $1,421,000 after purchasing an additional 4,796 shares during the last quarter. Stratos Wealth Advisors LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 7.4% in the first quarter. Stratos Wealth Advisors LLC now owns 182,417 shares of the company’s stock valued at $10,679,000 after purchasing an additional 12,504 shares during the last quarter. Finally, Stratos Wealth Partners LTD. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 11.5% in the first quarter. Stratos Wealth Partners LTD. now owns 476,233 shares of the company’s stock valued at $27,879,000 after purchasing an additional 48,984 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $66.98 on Wednesday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $68.49. The stock has a market cap of $17.48 billion, a PE ratio of 15.46 and a beta of 1.10. The stock has a 50 day moving average price of $66.72 and a 200 day moving average price of $63.43.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.1487 dividend. This represents a $0.59 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.