LPL Financial LLC Purchases 2,907,770 Shares of First Trust Rising Dividend Achievers ETF $RDVY

LPL Financial LLC boosted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 10.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 30,504,116 shares of the company’s stock after buying an additional 2,907,770 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 0.6% of LPL Financial LLC’s holdings, making the stock its 28th biggest holding. LPL Financial LLC owned about 0.11% of First Trust Rising Dividend Achievers ETF worth $2,119,121,000 at the end of the most recent reporting period.

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

First Trust Rising Dividend Achievers ETF Price Performance

NASDAQ:RDVY opened at $75.55 on Monday. The company has a fifty day moving average of $73.38 and a 200 day moving average of $71.56. First Trust Rising Dividend Achievers ETF has a 52 week low of $60.30 and a 52 week high of $77.12. 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 Cuts Dividend

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

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.