LVZ Inc. Has $4.98 Million Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

LVZ Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 72,915 shares of the company’s stock after buying an additional 7,193 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for approximately 0.6% of LVZ Inc.’s holdings, making the stock its 16th biggest position. LVZ Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,979,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of RDVY. LPL Financial LLC boosted its position in First Trust Rising Dividend Achievers ETF by 10.5% during the 4th quarter. LPL Financial LLC now owns 30,504,116 shares of the company’s stock worth $2,119,121,000 after acquiring an additional 2,907,770 shares during the period. Wells Fargo & Company MN grew its stake in First Trust Rising Dividend Achievers ETF by 10.6% during the 4th quarter. Wells Fargo & Company MN now owns 11,276,215 shares of the company’s stock valued at $783,359,000 after acquiring an additional 1,076,558 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock valued at $442,526,000 after purchasing an additional 957,587 shares during the period. Morgan Stanley increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 4.9% in the 4th quarter. Morgan Stanley now owns 20,152,942 shares of the company’s stock valued at $1,400,025,000 after purchasing an additional 940,590 shares during the period. Finally, Arax Advisory Partners acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at about $47,643,000.

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ RDVY opened at $80.14 on Monday. The company has a 50 day simple moving average of $76.49 and a 200-day simple moving average of $73.07. The firm has a market capitalization of $24.20 billion, a price-to-earnings ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 52-week low of $61.84 and a 52-week high of $81.36.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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