American Financial Advisors LLC Purchases 630 Shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

American Financial Advisors LLC increased its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.4% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 26,612 shares of the company’s stock after acquiring an additional 630 shares during the quarter. American Financial Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,558,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RDVY. Bank of New York Mellon Corp boosted its position in shares of First Trust Rising Dividend Achievers ETF by 16.3% in the fourth quarter. Bank of New York Mellon Corp now owns 5,119 shares of the company’s stock valued at $303,000 after acquiring an additional 719 shares during the period. Citizens Financial Group Inc. RI boosted its position in shares of First Trust Rising Dividend Achievers ETF by 5.1% in the fourth quarter. Citizens Financial Group Inc. RI now owns 6,666 shares of the company’s stock valued at $394,000 after acquiring an additional 321 shares during the period. Moors & Cabot Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 65.8% in the fourth quarter. Moors & Cabot Inc. now owns 7,587 shares of the company’s stock valued at $449,000 after acquiring an additional 3,012 shares during the period. Kestra Advisory Services LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the fourth quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company’s stock valued at $152,161,000 after acquiring an additional 46,729 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 8.9% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 237,697 shares of the company’s stock valued at $14,057,000 after acquiring an additional 19,525 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY opened at $63.28 on Friday. The firm’s 50 day simple moving average is $61.11 and its 200 day simple moving average is $59.91. The company has a market capitalization of $15.17 billion, a P/E ratio of 14.82 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 $64.63.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.1706 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, June 26th.

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.