First Trust Rising Dividend Achievers ETF $RDVY Shares Purchased by Graney & King LLC

Graney & King LLC raised its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 20.1% during the 1st quarter, HoldingsChannel reports. The firm owned 71,449 shares of the company’s stock after acquiring an additional 11,974 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 2.6% of Graney & King LLC’s portfolio, making the stock its 11th largest position. Graney & King LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,879,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of RDVY. Huntington National Bank boosted its position in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% in the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock worth $26,000 after buying an additional 370 shares during the period. Financial Perspectives Inc acquired a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $26,000. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $27,000. United Community Bank purchased a new stake in shares of First Trust Rising Dividend Achievers ETF during the 4th quarter valued at about $28,000. Finally, Bessemer Group Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the 1st quarter worth approximately $29,000.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $79.81 on Thursday. The firm has a market capitalization of $24.36 billion, a PE ratio of 15.46 and a beta of 1.00. First Trust Rising Dividend Achievers ETF has a one year low of $62.02 and a one year high of $81.36. The stock’s 50 day moving average price is $78.54 and its 200 day moving average price is $74.28.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

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.