NewEdge Advisors LLC Has $98.19 Million Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

NewEdge Advisors LLC lifted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,437,974 shares of the company’s stock after acquiring an additional 125,245 shares during the period. NewEdge Advisors LLC owned about 0.49% of First Trust Rising Dividend Achievers ETF worth $98,185,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Cozad Asset Management Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 1.9% during the 1st quarter. Cozad Asset Management Inc. now owns 115,817 shares of the company’s stock valued at $7,908,000 after purchasing an additional 2,119 shares during the period. Serenity Investment Advisors grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 147.8% during the first quarter. Serenity Investment Advisors now owns 20,888 shares of the company’s stock valued at $1,572,000 after buying an additional 12,460 shares in the last quarter. Summit Financial Wealth Advisors LLC raised its position in First Trust Rising Dividend Achievers ETF by 9.1% during the first quarter. Summit Financial Wealth Advisors LLC now owns 6,873 shares of the company’s stock valued at $469,000 after buying an additional 574 shares during the period. Western Wealth Management LLC raised its position in First Trust Rising Dividend Achievers ETF by 4.4% during the first quarter. Western Wealth Management LLC now owns 353,709 shares of the company’s stock valued at $24,151,000 after buying an additional 15,055 shares during the period. Finally, Bank of America Corp DE lifted its stake in First Trust Rising Dividend Achievers ETF by 3.0% in the 1st quarter. Bank of America Corp DE now owns 7,444,315 shares of the company’s stock worth $508,298,000 after acquiring an additional 219,060 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.2%

Shares of NASDAQ RDVY opened at $83.34 on Thursday. First Trust Rising Dividend Achievers ETF has a one year low of $63.28 and a one year high of $83.99. The business has a 50-day moving average price of $79.19 and a two-hundred day moving average price of $74.62. The firm has a market capitalization of $25.56 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. Investors of record on Thursday, June 25th were issued a dividend of $0.1474 per share. This represents a $0.59 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Thursday, June 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.