Envestnet Portfolio Solutions Inc. Has $15.49 Million Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Envestnet Portfolio Solutions Inc. decreased its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 246,952 shares of the company’s stock after selling 8,671 shares during the period. Envestnet Portfolio Solutions Inc. owned approximately 0.10% of First Trust Rising Dividend Achievers ETF worth $15,494,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of RDVY. Farmers & Merchants Investments Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF during the second quarter worth $26,000. Compass Financial Services Inc acquired a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth $26,000. SVB Wealth LLC acquired a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth $29,000. Rise Advisors LLC acquired a new stake in First Trust Rising Dividend Achievers ETF during the first quarter worth $31,000. Finally, Raleigh Capital Management Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 34.2% during the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock worth $41,000 after buying an additional 165 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $66.08 on Tuesday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $68.11. The firm’s fifty day moving average price is $65.94 and its two-hundred day moving average price is $62.02. The company has a market capitalization of $17.02 billion, a P/E ratio of 15.46 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were paid a dividend of $0.1487 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.59 dividend on an annualized basis and a yield of 0.9%.

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.