Stephens Inc. AR Acquires 3,415 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Stephens Inc. AR boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 98,169 shares of the company’s stock after buying an additional 3,415 shares during the period. Stephens Inc. AR’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,159,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in RDVY. LPL Financial LLC increased its position in 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 worth $1,386,612,000 after buying an additional 2,379,430 shares during the period. Raymond James Financial Inc. increased its position in 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 worth $644,088,000 after buying an additional 971,388 shares during the period. Commonwealth Equity Services LLC increased its position in 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 worth $355,598,000 after buying an additional 434,447 shares during the period. Truist Financial Corp increased its position in 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 worth $88,082,000 after buying an additional 430,935 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in 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 worth $200,267,000 after buying an additional 334,330 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Up 0.5%

RDVY opened at $67.31 on Wednesday. The stock has a market cap of $17.44 billion, a PE ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $68.11. The stock’s 50 day simple moving average is $66.25 and its 200-day simple moving average is $62.38.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.