Elevation Point Wealth Partners LLC Boosts Stake in First Trust Rising Dividend Achievers ETF $RDVY

Elevation Point Wealth Partners LLC raised its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1,520.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 722,842 shares of the company’s stock after acquiring an additional 678,232 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 1.1% of Elevation Point Wealth Partners LLC’s holdings, making the stock its 12th biggest position. Elevation Point Wealth Partners LLC owned about 0.25% of First Trust Rising Dividend Achievers ETF worth $49,356,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. Huntington National Bank grew its holdings in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the 4th quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after acquiring an additional 370 shares during the period. Financial Perspectives Inc purchased a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $26,000. Trust Co. of Vermont acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $27,000. United Community Bank acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $28,000. Finally, Lloyd Advisory Services LLC. acquired a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $36,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $80.14 on Friday. First Trust Rising Dividend Achievers ETF has a 1 year low of $61.84 and a 1 year high of $81.36. The company has a market capitalization of $24.13 billion, a P/E ratio of 15.46 and a beta of 1.00. The business has a 50 day moving average price of $76.38 and a 200 day moving average price of $73.00.

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 $0.1474 dividend. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend 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.