Kennedy Investment Group Sells 323 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Kennedy Investment Group lowered its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 8.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 3,668 shares of the company’s stock after selling 323 shares during the period. Kennedy Investment Group’s holdings in First Trust Rising Dividend Achievers ETF were worth $230,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of RDVY. Keystone Financial Services LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth $874,000. Members Wealth LLC bought a new position in First Trust Rising Dividend Achievers ETF in the 4th quarter worth $272,000. Wealth Enhancement Advisory Services LLC boosted its holdings in First Trust Rising Dividend Achievers ETF by 75.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 262,407 shares of the company’s stock worth $15,519,000 after buying an additional 113,181 shares during the period. Nestegg Advisors Inc. purchased a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter worth $5,803,000. Finally, Hobart Private Capital LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 5.6% in the 1st quarter. Hobart Private Capital LLC now owns 464,097 shares of the company’s stock worth $27,168,000 after purchasing an additional 24,513 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Down 0.2%

Shares of RDVY stock opened at $66.99 on Thursday. The stock has a market cap of $16.35 billion, a P/E ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $67.53. The company’s fifty day simple moving average is $65.06 and its two-hundred day simple moving average is $61.23.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th will be paid a $0.1487 dividend. The ex-dividend date is Thursday, September 25th. This represents a $0.59 annualized dividend and a yield of 0.9%.

First Trust Rising Dividend Achievers ETF Company Profile

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.