Serenity Investment Advisors Raises Position in First Trust Rising Dividend Achievers ETF $RDVY

Serenity Investment Advisors increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 147.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,888 shares of the company’s stock after purchasing an additional 12,460 shares during the period. First Trust Rising Dividend Achievers ETF accounts for 0.6% of Serenity Investment Advisors’ investment portfolio, making the stock its 23rd biggest position. Serenity Investment Advisors’ holdings in First Trust Rising Dividend Achievers ETF were worth $1,572,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Cliftonlarsonallen Wealth Advisors LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at $743,000. O Connor Financial Group LLC purchased a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $10,958,000. Flagship Harbor Advisors LLC increased its stake in First Trust Rising Dividend Achievers ETF by 23.2% during the fourth quarter. Flagship Harbor Advisors LLC now owns 162,537 shares of the company’s stock worth $11,291,000 after acquiring an additional 30,610 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $628,000. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 16.0% in the 4th quarter. J.W. Cole Advisors Inc. now owns 105,998 shares of the company’s stock valued at $7,334,000 after purchasing an additional 14,615 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ:RDVY opened at $81.09 on Friday. The stock has a 50-day simple moving average of $78.78 and a 200-day simple moving average of $74.39. The stock has a market capitalization of $24.82 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1 year low of $62.02 and a 1 year high of $81.46.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.1474 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.59 annualized dividend 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.