Envision Financial LLC Has $9.57 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Envision Financial LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 5.6% in the second quarter, HoldingsChannel.com reports. The firm owned 118,126 shares of the company’s stock after purchasing an additional 6,284 shares during the period. First Trust Rising Dividend Achievers ETF comprises 4.4% of Envision Financial LLC’s investment portfolio, making the stock its 9th largest position. Envision Financial LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,575,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of RDVY. LPL Financial LLC increased its holdings 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 valued at $2,119,121,000 after purchasing an additional 2,907,770 shares during the period. Wells Fargo & Company MN lifted its holdings in First Trust Rising Dividend Achievers ETF by 10.6% in the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock worth $783,359,000 after buying an additional 1,076,558 shares during the period. Ameriprise Financial Inc. lifted its holdings in First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd 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 position in shares of First Trust Rising Dividend Achievers ETF by 4.9% in the 4th 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 last quarter. Finally, Arax Advisory Partners bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $47,643,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $83.25 on Wednesday. The stock has a market capitalization of $25.53 billion, a PE ratio of 15.46 and a beta of 1.00. The stock’s 50 day moving average price is $79.82 and its 200-day moving average price is $74.93. First Trust Rising Dividend Achievers ETF has a 52-week low of $64.11 and a 52-week high of $83.99.

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. The ex-dividend date was Thursday, June 25th. This represents a $0.59 annualized dividend and a 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.