Kanawha Capital Management LLC Takes Position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

Kanawha Capital Management LLC acquired a new position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVYFree Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 3,900 shares of the company’s stock, valued at approximately $228,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Triumph Capital Management grew its stake in shares of First Trust Rising Dividend Achievers ETF by 7.6% in the fourth quarter. Triumph Capital Management now owns 116,915 shares of the company’s stock valued at $6,914,000 after buying an additional 8,263 shares in the last quarter. Fifth Third Bancorp grew 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. Dynamic Advisor Solutions LLC grew 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. PNC Financial Services Group Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 6.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,185,165 shares of the company’s stock worth $70,091,000 after purchasing an additional 70,422 shares in the last quarter. Finally, Paragon Private Wealth Management LLC grew its stake in First Trust Rising Dividend Achievers ETF by 7.6% during the 4th quarter. Paragon Private Wealth Management LLC now owns 12,984 shares of the company’s stock worth $768,000 after purchasing an additional 914 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

RDVY opened at $63.47 on Thursday. The business has a fifty day moving average price of $60.27 and a 200 day moving average price of $59.74. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of 14.82 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 12 month low of $50.27 and a 12 month high of $64.63.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were paid a dividend of $0.1706 per share. This represents a $0.68 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Thursday, June 26th.

About First Trust Rising Dividend Achievers ETF

(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.

Further Reading

Institutional Ownership by Quarter for First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY)

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