Beacon Financial Advisory LLC Boosts Position in First Trust Rising Dividend Achievers ETF $RDVY

Beacon Financial Advisory LLC grew its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 67.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,179 shares of the company’s stock after buying an additional 12,534 shares during the period. Beacon Financial Advisory LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $2,129,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of RDVY. AQR Capital Management LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after acquiring an additional 12,820 shares during the period. First Trust Advisors LP increased its holdings in First Trust Rising Dividend Achievers ETF by 104.0% during the 2nd quarter. First Trust Advisors LP now owns 23,934 shares of the company’s stock worth $1,502,000 after acquiring an additional 12,204 shares during the period. Cerity Partners LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 38.1% during the 2nd quarter. Cerity Partners LLC now owns 5,657 shares of the company’s stock worth $355,000 after acquiring an additional 1,561 shares during the period. Betterment LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 19.4% in the 2nd quarter. Betterment LLC now owns 48,475 shares of the company’s stock worth $3,041,000 after purchasing an additional 7,892 shares in the last quarter. Finally, Darwin Wealth Management LLC purchased a new stake in First Trust Rising Dividend Achievers ETF in the 2nd quarter worth approximately $1,433,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $80.14 on Friday. The firm has a fifty day moving average price of $76.49 and a two-hundred day moving average price of $73.05. First Trust Rising Dividend Achievers ETF has a one year low of $61.84 and a one year high of $81.36. The company has a market cap of $24.13 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 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.