Envision Financial LLC Grows Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Envision Financial LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 15.8% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,507 shares of the company’s stock after purchasing an additional 9,353 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 3.0% of Envision Financial LLC’s portfolio, making the stock its 11th biggest position. Envision Financial LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,010,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Woodmont Investment Counsel LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 18.9% during the first quarter. Woodmont Investment Counsel LLC now owns 10,417 shares of the company’s stock valued at $610,000 after purchasing an additional 1,658 shares during the period. World Equity Group Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 9.5% during the first quarter. World Equity Group Inc. now owns 42,801 shares of the company’s stock valued at $2,506,000 after acquiring an additional 3,703 shares in the last quarter. PFG Investments LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.0% during the first quarter. PFG Investments LLC now owns 8,636 shares of the company’s stock valued at $506,000 after acquiring an additional 333 shares in the last quarter. Advisor Resource Council raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 394.6% during the first quarter. Advisor Resource Council now owns 25,076 shares of the company’s stock valued at $1,468,000 after acquiring an additional 20,006 shares in the last quarter. Finally, L.M. Kohn & Company raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 3.1% during the first quarter. L.M. Kohn & Company now owns 50,770 shares of the company’s stock valued at $2,972,000 after acquiring an additional 1,530 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.0%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $60.65 on Friday. The company has a market cap of $14.43 billion, a PE ratio of 14.82 and a beta of 1.09. The business has a 50 day moving average of $59.06 and a 200 day moving average of $59.72. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.2544 per share. This represents a $1.02 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19.

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.