Coppell Advisory Solutions LLC Makes New $81,000 Investment in First Trust Rising Dividend Achievers ETF $RDVY

Coppell Advisory Solutions LLC purchased a new stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 99,995 shares of the company’s stock, valued at approximately $81,000.

Several other institutional investors and hedge funds also recently made changes to their positions in RDVY. Beacon Financial Advisory LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 14.1% during the second quarter. Beacon Financial Advisory LLC now owns 35,571 shares of the company’s stock worth $2,883,000 after acquiring an additional 4,392 shares during the period. Tsfg LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 3.3% in the 2nd quarter. Tsfg LLC now owns 138,372 shares of the company’s stock worth $11,216,000 after purchasing an additional 4,464 shares during the period. Acorn Wealth Advisors LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 29.0% in the 2nd quarter. Acorn Wealth Advisors LLC now owns 7,068 shares of the company’s stock worth $573,000 after purchasing an additional 1,587 shares during the period. Nwam LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 23.0% during the 2nd quarter. Nwam LLC now owns 11,308 shares of the company’s stock worth $917,000 after purchasing an additional 2,112 shares in the last quarter. Finally, Rehmann Capital Advisory Group increased its holdings in First Trust Rising Dividend Achievers ETF by 43.3% during the 2nd quarter. Rehmann Capital Advisory Group now owns 35,052 shares of the company’s stock worth $3,091,000 after purchasing an additional 10,599 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $82.11 on Friday. The business’s 50-day moving average price is $81.32 and its two-hundred day moving average price is $76.13. First Trust Rising Dividend Achievers ETF has a 1 year low of $64.97 and a 1 year high of $84.02. The company has a market capitalization of $25.18 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

First Trust Rising Dividend Achievers ETF 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.