Intellus Advisors LLC Raises Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Intellus Advisors LLC increased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.5% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 325,463 shares of the company’s stock after purchasing an additional 10,864 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up 3.0% of Intellus Advisors LLC’s investment portfolio, making the stock its 10th largest holding. Intellus Advisors LLC owned approximately 0.13% of First Trust Rising Dividend Achievers ETF worth $20,420,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF in the second quarter valued at approximately $26,000. Compass Financial Services Inc bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter worth $26,000. SVB Wealth LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter valued at $29,000. Rise Advisors LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 1st quarter worth $31,000. Finally, Private Wealth Asset Management LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 201.1% during the second 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 period.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $66.25 on Monday. The firm has a market capitalization of $17.31 billion, a PE ratio of 15.46 and a beta of 1.10. The business’s 50-day simple moving average is $66.96 and its 200-day simple moving average is $64.34. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $68.49.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.