Kinetic Wealth Investment Advisors LLC Buys Shares of 14,950 First Trust Rising Dividend Achievers ETF $RDVY

Kinetic Wealth Investment Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,950 shares of the company’s stock, valued at approximately $1,212,000. First Trust Rising Dividend Achievers ETF comprises about 0.6% of Kinetic Wealth Investment Advisors LLC’s holdings, making the stock its 26th biggest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RDVY. J.W. Cole Advisors Inc. grew its position in First Trust Rising Dividend Achievers ETF by 16.0% during the 4th quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock worth $7,334,000 after acquiring an additional 14,615 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $628,000. Ignite Planners LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 122.9% during the fourth quarter. Ignite Planners LLC now owns 38,362 shares of the company’s stock valued at $2,772,000 after purchasing an additional 21,155 shares in the last quarter. Certified Advisory Corp boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 10.9% during the first quarter. Certified Advisory Corp now owns 111,055 shares of the company’s stock valued at $7,583,000 after purchasing an additional 10,873 shares in the last quarter. Finally, Liberty Square Wealth Partners LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 30.4% during the fourth quarter. Liberty Square Wealth Partners LLC now owns 736,020 shares of the company’s stock worth $51,131,000 after purchasing an additional 171,517 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $82.04 on Tuesday. The stock’s 50-day moving average is $81.41 and its 200-day moving average is $76.27. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.97 and a 1-year high of $84.02. The stock has a market cap of $25.16 billion, a P/E ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.