Topsail Wealth Management LLC Increases Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Topsail Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 28.1% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 21,777 shares of the company’s stock after purchasing an additional 4,772 shares during the quarter. Topsail Wealth Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,366,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of RDVY. LPL Financial LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 11.2% during the 1st quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after buying an additional 2,379,430 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 9.7% in the 1st quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after acquiring an additional 971,388 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 7.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock valued at $355,598,000 after acquiring an additional 434,447 shares during the last quarter. Truist Financial Corp lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 44.3% in the 2nd quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock valued at $88,082,000 after acquiring an additional 430,935 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 3,421,026 shares of the company’s stock valued at $200,267,000 after acquiring an additional 334,330 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.4%

NASDAQ RDVY opened at $67.64 on Friday. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $68.11. The stock has a 50-day moving average of $66.38 and a 200-day moving average of $62.70. The firm has a market cap of $17.57 billion, a PE ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a $0.1487 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, September 25th.

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.