Petix & Botte Co Grows Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Petix & Botte Co increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 181,396 shares of the company’s stock after purchasing an additional 18,021 shares during the period. First Trust Rising Dividend Achievers ETF accounts for about 2.8% of Petix & Botte Co’s holdings, making the stock its 11th biggest holding. Petix & Botte Co owned approximately 0.06% of First Trust Rising Dividend Achievers ETF worth $12,386,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 10.5% during the fourth quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock valued at $2,119,121,000 after purchasing an additional 2,907,770 shares during the period. Morgan Stanley grew its holdings in First Trust Rising Dividend Achievers ETF by 4.9% during the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after purchasing an additional 940,590 shares in the last quarter. Raymond James Financial Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 2.2% during the 4th quarter. Raymond James Financial Inc. now owns 11,285,710 shares of the company’s stock worth $784,018,000 after buying an additional 243,585 shares during the period. Wells Fargo & Company MN boosted its position in First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after buying an additional 1,076,558 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock valued at $523,914,000 after acquiring an additional 716,800 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY traded up $0.45 during trading on Friday, hitting $80.30. The company’s stock had a trading volume of 821,550 shares, compared to its average volume of 1,403,206. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $61.84 and a fifty-two week high of $81.36. The stock’s 50-day moving average price is $77.01 and its two-hundred day moving average price is $73.41. The company has a market capitalization of $24.36 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1474 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%.

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.