Avidian Wealth Enterprises LLC Buys 122,471 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Avidian Wealth Enterprises LLC lifted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2,449.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,471 shares of the company’s stock after acquiring an additional 122,471 shares during the period. Avidian Wealth Enterprises LLC owned approximately 0.05% of First Trust Rising Dividend Achievers ETF worth $7,998,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. WealthCare Investment Partners LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the second quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock worth $3,799,000 after acquiring an additional 161 shares during the period. Raleigh Capital Management Inc. boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 34.2% in the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 165 shares during the period. Barrett & Company Inc. boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.7% in the second quarter. Barrett & Company Inc. now owns 31,120 shares of the company’s stock worth $1,952,000 after acquiring an additional 206 shares during the period. Purus Wealth Management LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.4% in the first quarter. Purus Wealth Management LLC now owns 50,320 shares of the company’s stock worth $2,946,000 after acquiring an additional 207 shares during the period. Finally, Trueblood Wealth Management LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.7% in the second quarter. Trueblood Wealth Management LLC now owns 14,190 shares of the company’s stock worth $890,000 after acquiring an additional 231 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

First Trust Rising Dividend Achievers ETF stock opened at $67.00 on Tuesday. The firm has a market capitalization of $17.32 billion, a P/E ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $68.11. The business has a fifty day moving average price of $66.21 and a 200-day moving average price of $62.35.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.