Envestnet Asset Management Inc. Buys 577,318 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Envestnet Asset Management Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 13.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 4,906,017 shares of the company’s stock after acquiring an additional 577,318 shares during the quarter. Envestnet Asset Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $329,979,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Confluence Wealth Services Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 1.2% in the 3rd quarter. Confluence Wealth Services Inc. now owns 12,638 shares of the company’s stock worth $850,000 after purchasing an additional 153 shares during the last quarter. Howard Bailey Securities LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 4.6% in the third quarter. Howard Bailey Securities LLC now owns 3,673 shares of the company’s stock valued at $247,000 after purchasing an additional 160 shares during the period. Centerpoint Advisory Group lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 0.5% in the second quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock worth $2,107,000 after buying an additional 172 shares during the last quarter. HBK Sorce Advisory LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.4% during the 3rd quarter. HBK Sorce Advisory LLC now owns 12,857 shares of the company’s stock worth $865,000 after buying an additional 183 shares during the period. Finally, Moors & Cabot Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 2.4% in the 2nd quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock valued at $516,000 after buying an additional 194 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $71.85 on Thursday. The company has a market capitalization of $20.21 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $73.43. The company’s fifty day moving average price is $70.86 and its 200 day moving average price is $67.74.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.