L.M. Kohn & Company Sells 43,596 Shares of First Trust Rising Dividend Achievers ETF $RDVY

L.M. Kohn & Company decreased its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 92.2% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,709 shares of the company’s stock after selling 43,596 shares during the period. L.M. Kohn & Company’s holdings in First Trust Rising Dividend Achievers ETF were worth $249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Horizon Corp bought a new stake in First Trust Rising Dividend Achievers ETF in the third quarter valued at about $25,000. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $28,000. Mather Group LLC. bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $31,000. Private Wealth Asset Management LLC raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 201.1% in the 2nd quarter. Private Wealth Asset Management LLC now owns 527 shares of the company’s stock worth $33,000 after buying an additional 352 shares in the last quarter. Finally, Quaker Wealth Management LLC lifted its position in shares of First Trust Rising Dividend Achievers ETF by 200.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 568 shares of the company’s stock worth $36,000 after buying an additional 1,135 shares during the period.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of RDVY stock opened at $72.27 on Friday. The stock’s fifty day simple moving average is $70.57 and its 200 day simple moving average is $67.50. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $73.43. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a $0.1996 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15.

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.