Wedbush Securities Inc. Boosts Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

Wedbush Securities Inc. lifted its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,936 shares of the company’s stock after acquiring an additional 8,022 shares during the quarter. Wedbush Securities Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,885,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. AQR Capital Management LLC increased its stake in First Trust Rising Dividend Achievers ETF by 70.2% in the 1st quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after buying an additional 12,820 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 104.0% in the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after buying an additional 12,204 shares during the last quarter. Cerity Partners LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 38.1% in the second quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock valued at $355,000 after acquiring an additional 1,561 shares in the last quarter. Betterment LLC grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 19.4% in the second quarter. Betterment LLC now owns 48,475 shares of the company’s stock valued at $3,041,000 after acquiring an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the second quarter valued at approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Trading Down 0.4%

Shares of First Trust Rising Dividend Achievers ETF stock opened at $82.06 on Friday. The business’s fifty day simple moving average is $81.15 and its 200 day simple moving average is $75.85. The firm has a market capitalization of $25.17 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 12 month low of $64.75 and a 12 month high of $84.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.1474 per share. The ex-dividend date 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.