Scarborough Advisors LLC Grows Position in First Trust Rising Dividend Achievers ETF $RDVY

Scarborough Advisors LLC grew its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 16.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 227,307 shares of the company’s stock after purchasing an additional 32,494 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 1.7% of Scarborough Advisors LLC’s holdings, making the stock its 20th largest holding. Scarborough Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $15,521,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. LPL Financial LLC increased its position in First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after purchasing an additional 2,907,770 shares in the last quarter. Wells Fargo & Company MN lifted its position in First Trust Rising Dividend Achievers ETF by 10.6% during the fourth quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after buying an additional 1,076,558 shares in the last quarter. Ameriprise Financial Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 15.7% during the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after buying an additional 957,587 shares during the period. Morgan Stanley grew its stake in First Trust Rising Dividend Achievers ETF by 4.9% during the fourth quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock worth $1,400,025,000 after buying an additional 940,590 shares during the period. Finally, Arax Advisory Partners acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth $47,643,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY stock opened at $80.00 on Monday. The company’s fifty day simple moving average is $77.55 and its 200-day simple moving average is $73.76. First Trust Rising Dividend Achievers ETF has a 52 week low of $62.02 and a 52 week high of $81.36. The company has a market cap of $24.33 billion, a PE ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.1474 dividend. This represents a $0.59 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, June 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.