Invst LLC Increases Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Invst LLC lifted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 7.5% in the second quarter, HoldingsChannel.com reports. The fund owned 127,118 shares of the company’s stock after buying an additional 8,884 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises 1.0% of Invst LLC’s portfolio, making the stock its 15th biggest holding. Invst LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $10,304,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in RDVY. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth $628,000. J.W. Cole Advisors Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 16.0% during the fourth quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock worth $7,334,000 after acquiring an additional 14,615 shares during the last quarter. Koshinski Asset Management Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 3.1% during the fourth quarter. Koshinski Asset Management Inc. now owns 568,144 shares of the company’s stock valued at $39,469,000 after acquiring an additional 17,317 shares in the last quarter. Ignite Planners LLC grew its stake in First Trust Rising Dividend Achievers ETF by 122.9% during the fourth quarter. Ignite Planners LLC now owns 38,362 shares of the company’s stock valued at $2,772,000 after acquiring an additional 21,155 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 18.2% in the 4th quarter. Mutual Advisors LLC now owns 85,999 shares of the company’s stock valued at $5,974,000 after acquiring an additional 13,237 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $82.38 on Wednesday. The company has a market cap of $25.27 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 52-week low of $64.75 and a 52-week high of $84.02. The firm’s fifty day moving average is $80.95 and its two-hundred day moving average is $75.66.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.1474 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%.

First Trust Rising Dividend Achievers ETF Company 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.