Parallel Advisors LLC Increases Position in First Trust Rising Dividend Achievers ETF $RDVY

Parallel Advisors LLC increased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 459.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,111 shares of the company’s stock after acquiring an additional 9,945 shares during the quarter. Parallel Advisors LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $827,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of RDVY. Basepoint Wealth LLC grew its stake in First Trust Rising Dividend Achievers ETF by 4.5% during the 1st quarter. Basepoint Wealth LLC now owns 3,187 shares of the company’s stock valued at $218,000 after purchasing an additional 136 shares in the last quarter. Retirement Planning Group LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the 1st quarter. Retirement Planning Group LLC now owns 8,013 shares of the company’s stock valued at $547,000 after purchasing an additional 138 shares in the last quarter. MBE Wealth Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 2.7% in the 1st quarter. MBE Wealth Management LLC now owns 6,798 shares of the company’s stock valued at $464,000 after purchasing an additional 179 shares in the last quarter. Castleview Partners LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 2.8% during the 1st quarter. Castleview Partners LLC now owns 6,898 shares of the company’s stock valued at $471,000 after buying an additional 189 shares during the last quarter. Finally, Acorn Wealth Advisors LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 3.7% during the 4th quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock valued at $381,000 after buying an additional 197 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.1%

RDVY stock opened at $83.32 on Friday. First Trust Rising Dividend Achievers ETF has a twelve month low of $63.58 and a twelve month high of $83.99. The company has a market capitalization of $25.55 billion, a P/E ratio of 15.46 and a beta of 1.00. The firm has a 50 day simple moving average of $79.51 and a 200-day simple moving average of $74.76.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.