KMG Fiduciary Partners LLC Buys 6,906 Shares of First Trust Rising Dividend Achievers ETF $RDVY

by · The Cerbat Gem

KMG Fiduciary Partners LLC increased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY – Free Report) by 4.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 179,753 shares of the company’s stock after acquiring an additional 6,906 shares during the quarter. First Trust Rising Dividend Achievers ETF makes up about 0.8% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 28th largest position. KMG Fiduciary Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $11,278,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of RDVY. Bank of New York Mellon Corp lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 440.8% in the first quarter. Bank of New York Mellon Corp now owns 27,683 shares of the company’s stock valued at $1,621,000 after buying an additional 22,564 shares in the last quarter. Assetmark Inc. lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 772.8% in the first quarter. Assetmark Inc. now owns 64,832 shares of the company’s stock valued at $3,795,000 after buying an additional 57,404 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 652.0% in the first quarter. Fifth Third Bancorp now owns 940 shares of the company’s stock valued at $55,000 after buying an additional 815 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 69.9% in the first quarter. Arkadios Wealth Advisors now owns 207,911 shares of the company’s stock valued at $12,171,000 after buying an additional 85,516 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 44.9% in the first quarter. Dynamic Advisor Solutions LLC now owns 6,890 shares of the company’s stock valued at $403,000 after buying an additional 2,136 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Trading Up 0.4%

First Trust Rising Dividend Achievers ETF stock opened at $66.32 on Thursday. First Trust Rising Dividend Achievers ETF has a 1-year low of $50.27 and a 1-year high of $66.92. The firm has a market capitalization of $16.18 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. The firm’s fifty day moving average price is $64.66 and its two-hundred day moving average price is $60.98.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a dividend of $0.1706 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend was Thursday, June 26th.

First Trust Rising Dividend Achievers ETF Company Profile

(Free Report)

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.

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