Mach 1 Financial Group LLC Increases Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Mach 1 Financial Group LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVYFree Report) by 8.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 133,093 shares of the company’s stock after purchasing an additional 10,036 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises 4.8% of Mach 1 Financial Group LLC’s portfolio, making the stock its 6th biggest position. Mach 1 Financial Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $7,874,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RDVY. BNP Paribas Financial Markets lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 24,700.0% in the 1st quarter. BNP Paribas Financial Markets now owns 496 shares of the company’s stock worth $28,000 after purchasing an additional 494 shares during the period. Atomi Financial Group Inc. purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the first quarter worth $624,000. Capital Square LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers during the first quarter worth $297,000. Tranquility Partners LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 3.6% during the 1st quarter. Tranquility Partners LLC now owns 14,752 shares of the company’s stock valued at $829,000 after acquiring an additional 508 shares in the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 1st quarter valued at $34,000.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.1 %

RDVY opened at $62.81 on Friday. The firm has a market cap of $12.95 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 12 month low of $45.15 and a 12 month high of $63.51. The stock has a fifty day moving average price of $59.03 and a 200-day moving average price of $56.78.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1912 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.76 dividend on an annualized basis and a yield of 1.22%.

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

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