Valeo Financial Advisors LLC Acquires New Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Valeo Financial Advisors LLC purchased a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,473 shares of the company’s stock, valued at approximately $1,096,000.

Other large investors also recently modified their holdings of the company. LPL Financial LLC raised its position in First Trust Rising Dividend Achievers ETF by 11.2% in the first quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after purchasing an additional 2,379,430 shares during the last quarter. Raymond James Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 9.7% in the 1st quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after buying an additional 971,388 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 91.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 1,274,557 shares of the company’s stock valued at $74,613,000 after buying an additional 607,354 shares during the last quarter. Commonwealth Equity Services LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF by 7.7% during the first quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock valued at $355,598,000 after acquiring an additional 434,447 shares during the last quarter. Finally, Truist Financial Corp raised its stake in shares of First Trust Rising Dividend Achievers ETF by 44.3% during the second quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock valued at $88,082,000 after acquiring an additional 430,935 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $67.22 on Wednesday. The company has a fifty day moving average price of $65.70 and a 200-day moving average price of $61.81. The company has a market capitalization of $17.25 billion, a P/E ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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