Waverly Advisors LLC Raises Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Waverly Advisors LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1,968.0% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,407 shares of the company’s stock after purchasing an additional 70,809 shares during the quarter. Waverly Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of RDVY. Huntington National Bank raised its position in First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at about $29,000. Anchor Investment Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 1st quarter valued at about $34,000. Lloyd Advisory Services LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $36,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $37,000.

First Trust Rising Dividend Achievers ETF Stock Down 0.9%

RDVY opened at $79.94 on Friday. The firm has a 50 day moving average price of $81.40 and a 200-day moving average price of $76.44. First Trust Rising Dividend Achievers ETF has a twelve month low of $64.97 and a twelve month high of $84.02. The stock has a market capitalization of $24.52 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.1474 dividend. 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.