Sunbelt Securities Inc. Has $2.37 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Sunbelt Securities Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 159.9% during the third quarter, Holdings Channel reports. The fund owned 35,171 shares of the company’s stock after buying an additional 21,640 shares during the quarter. Sunbelt Securities Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,366,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Raymond James Financial Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 1.8% in the 2nd quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after acquiring an additional 198,938 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in First Trust Rising Dividend Achievers ETF by 10.1% during the 3rd quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after purchasing an additional 716,800 shares in the last quarter. Bank of America Corp DE raised its stake in shares of First Trust Rising Dividend Achievers ETF by 7.0% in the third quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock worth $470,303,000 after purchasing an additional 455,258 shares during the last quarter. UBS Group AG raised its stake in shares of First Trust Rising Dividend Achievers ETF by 12.2% in the third quarter. UBS Group AG now owns 5,740,264 shares of the company’s stock worth $386,090,000 after purchasing an additional 624,936 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Rising Dividend Achievers ETF by 13.3% in the third quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after purchasing an additional 577,318 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 1.1%

Shares of NASDAQ:RDVY opened at $68.73 on Thursday. The stock has a market cap of $19.39 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $73.54. The business’s 50 day moving average is $71.74 and its 200 day moving average is $69.18.

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.