Next Level Private LLC Has $30.69 Million Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Next Level Private LLC increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 378,597 shares of the company’s stock after acquiring an additional 16,042 shares during the period. First Trust Rising Dividend Achievers ETF comprises 6.0% of Next Level Private LLC’s holdings, making the stock its 3rd largest holding. Next Level Private LLC owned approximately 0.12% of First Trust Rising Dividend Achievers ETF worth $30,689,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. O Connor Financial Group LLC acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $10,958,000. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $628,000. J.W. Cole Advisors Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 16.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock worth $7,334,000 after buying an additional 14,615 shares in the last quarter. Koshinski Asset Management Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.1% during the 4th quarter. Koshinski Asset Management Inc. now owns 568,144 shares of the company’s stock worth $39,469,000 after buying an additional 17,317 shares in the last quarter. Finally, Legacy Wealth Managment LLC ID lifted its position in shares of First Trust Rising Dividend Achievers ETF by 58.2% during the 4th quarter. Legacy Wealth Managment LLC ID now owns 40,654 shares of the company’s stock worth $2,824,000 after buying an additional 14,950 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $83.32 on Monday. First Trust Rising Dividend Achievers ETF has a twelve month low of $63.58 and a twelve month high of $83.99. The stock’s 50-day simple moving average is $79.51 and its 200 day simple moving average is $74.77. The firm has a market capitalization of $25.55 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.