SMART Wealth LLC Has $8.35 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

SMART Wealth LLC cut its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.4% during the 2nd quarter, HoldingsChannel reports. The fund owned 103,047 shares of the company’s stock after selling 13,249 shares during the period. First Trust Rising Dividend Achievers ETF comprises 1.8% of SMART Wealth LLC’s portfolio, making the stock its 7th largest position. SMART Wealth LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $8,353,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in RDVY. LPL Financial LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after acquiring an additional 2,907,770 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of 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 purchasing an additional 1,076,558 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after purchasing an additional 957,587 shares during the last quarter. Morgan Stanley lifted its position in shares of First Trust Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after purchasing an additional 940,590 shares during the last quarter. Finally, Arax Advisory Partners bought a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $47,643,000.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $82.11 on Friday. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a one year low of $64.97 and a one year high of $84.02. The stock has a 50-day simple moving average of $81.32 and a 200 day simple moving average of $76.13.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company 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.

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.