Parallel Advisors LLC Has $827,000 Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Parallel Advisors LLC lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 459.1% during the first quarter, HoldingsChannel.com reports. The firm owned 12,111 shares of the company’s stock after purchasing an additional 9,945 shares during the period. Parallel Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $827,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. LPL Financial LLC grew its position in First Trust Rising Dividend Achievers ETF by 10.5% in the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after purchasing an additional 2,907,770 shares in the last quarter. Wells Fargo & Company MN increased its stake in First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after buying an additional 1,076,558 shares during the last quarter. Ameriprise Financial Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 15.7% during the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after buying an additional 957,587 shares in the last quarter. Morgan Stanley lifted its position in First Trust Rising Dividend Achievers ETF by 4.9% during the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after buying an additional 940,590 shares in the last quarter. Finally, Arax Advisory Partners bought a new stake in First Trust Rising Dividend Achievers ETF during the 4th quarter worth about $47,643,000.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $79.65 on Friday. The company has a market cap of $24.28 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. The firm has a 50-day moving average of $78.02 and a 200-day moving average of $74.05. First Trust Rising Dividend Achievers ETF has a one year low of $62.02 and a one year high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.