NewEdge Advisors LLC Purchases 43,747 Shares of First Trust Rising Dividend Achievers ETF $RDVY

NewEdge Advisors LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.0% in the second quarter, Holdings Channel reports. The fund owned 1,481,721 shares of the company’s stock after purchasing an additional 43,747 shares during the quarter. NewEdge Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $120,108,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently bought and sold shares of the company. Huntington National Bank lifted its holdings in First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after acquiring an additional 370 shares during the period. Bessemer Group Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at about $29,000. Anchor Investment Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at about $34,000. Lloyd Advisory Services LLC. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $36,000. Finally, University of Texas Texas AM Investment Management Co. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $37,000.

First Trust Rising Dividend Achievers ETF Stock Down 1.1%

Shares of NASDAQ:RDVY opened at $81.15 on Wednesday. The firm’s 50 day moving average price is $81.41 and its 200-day moving average price is $76.33. First Trust Rising Dividend Achievers ETF has a twelve month low of $64.97 and a twelve month high of $84.02. The stock has a market capitalization of $24.89 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

About First Trust Rising Dividend Achievers ETF

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.