Nestegg Advisors Inc. Raises Stake in First Trust Rising Dividend Achievers ETF $RDVY

Nestegg Advisors Inc. grew its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 124,730 shares of the company’s stock after buying an additional 10,910 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for 7.1% of Nestegg Advisors Inc.’s portfolio, making the stock its 4th largest position. Nestegg Advisors Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $10,111,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Financial Perspectives Inc purchased a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth approximately $26,000. Huntington National Bank boosted its stake 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 purchasing an additional 370 shares during the last quarter. United Community Bank bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter worth $28,000. Bessemer Group Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $29,000. Finally, Anchor Investment Management LLC bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 1st quarter worth $34,000.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY stock opened at $83.56 on Thursday. The stock has a market capitalization of $25.63 billion, a P/E ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a 1-year low of $64.34 and a 1-year high of $83.99. The business has a fifty day moving average price of $79.97 and a 200-day moving average price of $75.01.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.