L & S Advisors Inc Purchases 2,821 Shares of First Trust Rising Dividend Achievers ETF $RDVY

L & S Advisors Inc lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 13.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,414 shares of the company’s stock after purchasing an additional 2,821 shares during the quarter. L & S Advisors Inc’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,469,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. WealthCare Investment Partners LLC lifted its position in First Trust Rising Dividend Achievers ETF by 0.3% during the second quarter. WealthCare Investment Partners LLC now owns 59,562 shares of the company’s stock valued at $3,799,000 after buying an additional 161 shares during the period. Raleigh Capital Management Inc. increased its stake in shares of First Trust Rising Dividend Achievers ETF by 34.2% in the 2nd quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock worth $41,000 after acquiring an additional 165 shares in the last quarter. Centerpoint Advisory Group lifted its position in First Trust Rising Dividend Achievers ETF by 0.5% during the 2nd quarter. Centerpoint Advisory Group now owns 33,586 shares of the company’s stock valued at $2,107,000 after acquiring an additional 172 shares during the period. Moors & Cabot Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 2.4% during the 2nd quarter. Moors & Cabot Inc. now owns 8,218 shares of the company’s stock valued at $516,000 after acquiring an additional 194 shares during the period. Finally, Barrett & Company Inc. boosted its stake in First Trust Rising Dividend Achievers ETF by 0.7% during 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 in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $66.93 on Friday. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $68.49. The company has a 50 day simple moving average of $67.00 and a two-hundred day simple moving average of $63.97. The company has a market capitalization of $17.49 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.1487 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.59 annualized dividend and a dividend 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.