First Trust Rising Dividend Achievers ETF $RDVY Shares Acquired by Ergawealth Advisors Inc.

Ergawealth Advisors Inc. boosted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 271,590 shares of the company’s stock after purchasing an additional 14,279 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 7.7% of Ergawealth Advisors Inc.’s investment portfolio, making the stock its 3rd largest holding. Ergawealth Advisors Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $17,040,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in RDVY. LPL Financial LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF by 11.2% in the 1st quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after acquiring an additional 2,379,430 shares during the last quarter. Raymond James Financial Inc. grew its holdings in First Trust Rising Dividend Achievers ETF by 9.7% during the first quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after purchasing an additional 971,388 shares during the period. Janney Montgomery Scott LLC increased its stake in First Trust Rising Dividend Achievers ETF by 91.0% in the first quarter. Janney Montgomery Scott LLC now owns 1,274,557 shares of the company’s stock valued at $74,613,000 after purchasing an additional 607,354 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in First Trust Rising Dividend Achievers ETF by 7.7% in the first quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock valued at $355,598,000 after purchasing an additional 434,447 shares in the last quarter. Finally, Truist Financial Corp raised its holdings in First Trust Rising Dividend Achievers ETF by 44.3% in the second quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock worth $88,082,000 after purchasing an additional 430,935 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

Shares of RDVY stock opened at $67.67 on Friday. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $68.06. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. The firm has a fifty day moving average of $65.56 and a 200-day moving average of $61.68.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a $0.1487 dividend. This represents a $0.59 annualized dividend and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 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.