LPL Financial LLC Boosts Holdings in First Trust Rising Dividend Achievers ETF $RDVY

LPL Financial LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 30,504,116 shares of the company’s stock after buying an additional 2,907,770 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 0.6% of LPL Financial LLC’s holdings, making the stock its 28th biggest position. LPL Financial LLC owned about 10.81% of First Trust Rising Dividend Achievers ETF worth $2,119,121,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Balefire LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 32.1% in the fourth quarter. Balefire LLC now owns 39,521 shares of the company’s stock valued at $2,746,000 after acquiring an additional 9,594 shares during the period. Atria Investments Inc boosted its position in shares of First Trust Rising Dividend Achievers ETF by 7.1% in the third quarter. Atria Investments Inc now owns 193,425 shares of the company’s stock valued at $13,010,000 after acquiring an additional 12,843 shares during the period. Cozad Asset Management Inc. boosted its position in shares of First Trust Rising Dividend Achievers ETF by 9.3% in the third quarter. Cozad Asset Management Inc. now owns 108,125 shares of the company’s stock valued at $7,272,000 after acquiring an additional 9,181 shares during the period. Genesis Private Wealth LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 7.1% in the fourth quarter. Genesis Private Wealth LLC now owns 112,076 shares of the company’s stock valued at $7,786,000 after acquiring an additional 7,444 shares during the period. Finally, Cliftonlarsonallen Wealth Advisors LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at approximately $743,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $75.55 on Monday. The firm has a market capitalization of $22.19 billion, a P/E ratio of 15.46 and a beta of 1.01. First Trust Rising Dividend Achievers ETF has a 12 month low of $60.30 and a 12 month high of $77.12. The firm has a 50 day moving average of $73.38 and a 200-day moving average of $71.56.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.1813 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

About First Trust Rising Dividend Achievers ETF

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.