Total Clarity Wealth Management Inc. Has $6.46 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

Total Clarity Wealth Management Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,900 shares of the company’s stock after buying an additional 5,787 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up approximately 1.8% of Total Clarity Wealth Management Inc.’s investment portfolio, making the stock its 7th largest position. Total Clarity Wealth Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,456,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in RDVY. LPL Financial LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 11.2% in the 1st quarter. LPL Financial LLC now owns 23,686,574 shares of the company’s stock valued at $1,386,612,000 after buying an additional 2,379,430 shares during the last quarter. Raymond James Financial Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 9.7% in the 1st quarter. Raymond James Financial Inc. now owns 11,002,535 shares of the company’s stock valued at $644,088,000 after buying an additional 971,388 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 91.0% during the 1st quarter. Janney Montgomery Scott LLC now owns 1,274,557 shares of the company’s stock worth $74,613,000 after purchasing an additional 607,354 shares during the last quarter. Commonwealth Equity Services LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 7.7% in the 1st quarter. Commonwealth Equity Services LLC now owns 6,074,450 shares of the company’s stock worth $355,598,000 after purchasing an additional 434,447 shares during the period. Finally, Truist Financial Corp lifted its position in shares of First Trust Rising Dividend Achievers ETF by 44.3% in the 2nd quarter. Truist Financial Corp now owns 1,403,926 shares of the company’s stock worth $88,082,000 after purchasing an additional 430,935 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $65.02 on Monday. The company has a market capitalization of $16.74 billion, a P/E ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $68.11. The company’s 50 day moving average price is $65.89 and its 200-day moving average price is $61.96.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.1487 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.59 dividend on an annualized basis and a dividend yield of 0.9%.

About First Trust Rising Dividend Achievers ETF

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.