L.M. Kohn & Company Has $249,000 Stock Holdings in First Trust Rising Dividend Achievers ETF $RDVY

L.M. Kohn & Company decreased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 92.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,709 shares of the company’s stock after selling 43,596 shares during the quarter. L.M. Kohn & Company’s holdings in First Trust Rising Dividend Achievers ETF were worth $249,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. Ameriprise Financial Inc. grew its stake in shares of First Trust Rising Dividend Achievers ETF by 15.7% in the second quarter. Ameriprise Financial Inc. now owns 7,074,097 shares of the company’s stock worth $442,526,000 after acquiring an additional 957,587 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 26.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,328,699 shares of the company’s stock valued at $271,583,000 after purchasing an additional 907,673 shares during the period. Bank of America Corp DE boosted its holdings in First Trust Rising Dividend Achievers ETF by 4.1% in the 2nd quarter. Bank of America Corp DE now owns 6,537,057 shares of the company’s stock valued at $410,135,000 after purchasing an additional 258,172 shares during the period. Gladstone Institutional Advisory LLC grew its position in First Trust Rising Dividend Achievers ETF by 102.6% in the 3rd quarter. Gladstone Institutional Advisory LLC now owns 460,658 shares of the company’s stock worth $30,984,000 after purchasing an additional 233,305 shares during the last quarter. Finally, Osaic Holdings Inc. increased its holdings in shares of First Trust Rising Dividend Achievers ETF by 6.8% during the 2nd quarter. Osaic Holdings Inc. now owns 3,240,145 shares of the company’s stock worth $203,194,000 after purchasing an additional 205,514 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of RDVY opened at $72.27 on Friday. The company has a 50-day simple moving average of $70.57 and a 200-day simple moving average of $67.50. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $73.43. The firm has a market capitalization of $20.33 billion, a P/E ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.