City Holding Co. Boosts Holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

City Holding Co. raised its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 11.2% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 115,221 shares of the company’s stock after buying an additional 11,587 shares during the period. First Trust Rising Dividend Achievers ETF comprises about 0.9% of City Holding Co.’s portfolio, making the stock its 25th largest holding. City Holding Co.’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,745,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Cullen Frost Bankers Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $25,000. Summit Investment Advisors Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 195.3% during the 4th quarter. Summit Investment Advisors Inc. now owns 443 shares of the company’s stock valued at $26,000 after purchasing an additional 293 shares in the last quarter. Graney & King LLC purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at approximately $27,000. Marshall & Sterling Wealth Advisors Inc. acquired a new position in shares of First Trust Rising Dividend Achievers ETF in the 4th quarter valued at $38,000. Finally, O Shaughnessy Asset Management LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 169.0% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 901 shares of the company’s stock worth $53,000 after buying an additional 566 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $61.46 on Monday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $64.63. The firm’s fifty day moving average is $57.75 and its 200 day moving average is $59.90. The firm has a market cap of $14.32 billion, a PE ratio of 15.48 and a beta of 1.15.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.2544 per share. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19. This represents a $1.02 annualized dividend and a dividend yield of 1.66%. The ex-dividend date was Thursday, March 27th.

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.