Mach 1 Financial Group LLC cut its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 90.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,831 shares of the company's stock after selling 120,262 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises approximately 1.4% of Mach 1 Financial Group LLC's 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 quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $25,000. Summit Investment Advisors Inc. grew its holdings in First Trust NASDAQ Rising Dividend Achievers by 195.3% during the fourth quarter. Summit Investment Advisors Inc. now owns 443 shares of the company's stock valued at $26,000 after purchasing an additional 293 shares during the period. Graney & King LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $27,000. Sugarloaf Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at $40,000. Finally, Sound Income Strategies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at $40,000.
First Trust NASDAQ Rising Dividend Achievers Stock Up 1.4 %
RDVY traded up $0.80 during trading hours on Wednesday, hitting $55.84. The stock had a trading volume of 1,271,846 shares, compared to its average volume of 831,945. The stock has a market cap of $12.91 billion, a PE ratio of 13.97 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $50.27 and a 1 year high of $64.63. The company's fifty day simple moving average is $58.14 and its 200 day simple moving average is $60.21.
First Trust NASDAQ Rising Dividend Achievers Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.2544 dividend. This is an increase from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $1.02 annualized dividend and a dividend yield of 1.82%.
About First Trust NASDAQ Rising Dividend Achievers
(
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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