Foundations Investment Advisors LLC Acquires 35,749 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Foundations Investment Advisors LLC lifted its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 14.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 277,590 shares of the company’s stock after purchasing an additional 35,749 shares during the period. Foundations Investment Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $17,416,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. LPL Financial LLC raised its position in shares of 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 period. Raymond James Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 9.7% during the 1st quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after acquiring an additional 971,388 shares during the period. Envestnet Asset Management Inc. raised its stake in First Trust Rising Dividend Achievers ETF by 26.5% in the second quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after purchasing an additional 907,673 shares in the last quarter. Commonwealth Equity Services LLC lifted its position in 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 purchasing an additional 434,447 shares during the last quarter. Finally, Truist Financial Corp increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 44.3% in the 2nd quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock worth $88,082,000 after buying an additional 430,935 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock 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 firm’s fifty day moving average price is $67.00 and its 200-day moving average price is $63.97. The stock has a market cap of $17.49 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.1487 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, September 25th.

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.