Mach 1 Financial Group LLC Has $759,000 Stock Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Mach 1 Financial Group LLC decreased its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 90.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,831 shares of the company’s stock after selling 120,262 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises approximately 1.4% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 16th biggest holding. Mach 1 Financial Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $759,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Raymond James Financial Inc. acquired a new stake in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $593,242,000. LPL Financial LLC raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the fourth quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock worth $1,260,104,000 after acquiring an additional 980,714 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 135.8% during the third quarter. JPMorgan Chase & Co. now owns 1,128,835 shares of the company’s stock worth $66,838,000 after acquiring an additional 650,194 shares during the period. Commonwealth Equity Services LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 7.8% in the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock valued at $333,550,000 after acquiring an additional 409,135 shares in the last quarter. Finally, SRS Capital Advisors Inc. boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 128.3% in the 4th quarter. SRS Capital Advisors Inc. now owns 708,953 shares of the company’s stock worth $41,928,000 after purchasing an additional 398,469 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

RDVY opened at $54.65 on Friday. The company has a market capitalization of $12.63 billion, a price-to-earnings ratio of 13.97 and a beta of 1.15. The business’s 50-day moving average price is $58.44 and its two-hundred day moving average price is $60.28. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.27 and a 1 year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.2544 dividend. This represents a $1.02 dividend on an annualized basis and a yield of 1.86%. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust NASDAQ Rising Dividend Achievers’s previous quarterly dividend of $0.19.

First Trust NASDAQ Rising Dividend Achievers 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.