Graney & King LLC Acquires 17,732 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Graney & King LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 3,838.1% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,194 shares of the company’s stock after buying an additional 17,732 shares during the period. First Trust Rising Dividend Achievers ETF makes up approximately 0.8% of Graney & King LLC’s holdings, making the stock its 20th biggest holding. Graney & King LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,224,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Ameriprise Financial Inc. boosted its holdings 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 valued at $442,526,000 after buying an additional 957,587 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 74.0% during the third quarter. JPMorgan Chase & Co. now owns 1,707,049 shares of the company’s stock worth $114,816,000 after acquiring an additional 725,742 shares during the period. Envestnet Asset Management Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 13.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after acquiring an additional 577,318 shares in the last quarter. Bank of America Corp DE lifted its position 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 acquiring an additional 258,172 shares in the last quarter. Finally, Jones Financial Companies Lllp boosted its stake in First Trust Rising Dividend Achievers ETF by 27.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 1,153,826 shares of the company’s stock worth $77,572,000 after purchasing an additional 248,261 shares during the period.

First Trust Rising Dividend Achievers ETF Trading Down 2.1%

RDVY stock opened at $69.55 on Friday. The stock has a 50-day moving average price of $71.97 and a two-hundred day moving average price of $68.97. The stock has a market cap of $19.62 billion, a PE ratio of 15.46 and a beta of 1.10. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $73.54.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.1996 per share. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. 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.

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.