Lion Street Advisors LLC Buys 2,985 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Lion Street Advisors LLC raised its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.0% in the second quarter, Holdings Channel reports. The institutional investor owned 30,167 shares of the company’s stock after buying an additional 2,985 shares during the quarter. Lion Street Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,893,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. MGO One Seven LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 5.0% during the second quarter. MGO One Seven LLC now owns 44,638 shares of the company’s stock valued at $2,801,000 after acquiring an additional 2,107 shares in the last quarter. Hazlett Burt & Watson Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 32.8% during the 2nd quarter. Hazlett Burt & Watson Inc. now owns 1,708 shares of the company’s stock valued at $108,000 after purchasing an additional 422 shares in the last quarter. Genesee Capital Advisors LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 3.0% in the second quarter. Genesee Capital Advisors LLC now owns 79,215 shares of the company’s stock worth $4,970,000 after buying an additional 2,289 shares during the last quarter. CWM LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 23.7% in the second quarter. CWM LLC now owns 1,017,109 shares of the company’s stock worth $63,813,000 after buying an additional 195,066 shares in the last quarter. Finally, Sovereign Financial Group Inc. grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 2.7% during the second quarter. Sovereign Financial Group Inc. now owns 126,505 shares of the company’s stock valued at $7,937,000 after buying an additional 3,276 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 2.7%

Shares of NASDAQ RDVY opened at $65.02 on Monday. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $68.11. The firm has a market cap of $16.74 billion, a P/E ratio of 15.46 and a beta of 1.15. The company has a 50 day moving average of $65.89 and a 200 day moving average of $61.96.

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 given 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 dividend 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.