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

Mach 1 Financial Group LLC cut its holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 90.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 about 1.4% of Mach 1 Financial Group LLC's holdings, making the stock its 16th largest position. 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 also recently bought and sold shares of RDVY. LPL Financial LLC grew 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 purchasing an additional 980,714 shares during the last quarter. Raymond James Financial Inc. purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth approximately $593,242,000. Wells Fargo & Company MN grew its stake in First Trust NASDAQ Rising Dividend Achievers by 3.8% during the 4th quarter. Wells Fargo & Company MN now owns 9,008,501 shares of the company's stock worth $532,763,000 after buying an additional 327,729 shares during the last quarter. Commonwealth Equity Services LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock worth $333,550,000 after buying an additional 409,135 shares during the period. Finally, Kestra Advisory Services LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.8% in the fourth quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company's stock valued at $152,161,000 after buying an additional 46,729 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY stock traded down $0.21 during trading hours on Friday, hitting $56.60. The stock had a trading volume of 625,452 shares, compared to its average volume of 832,945. The stock's 50 day moving average is $57.88 and its 200 day moving average is $60.16. The firm has a market capitalization of $13.14 billion, a PE ratio of 13.97 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a twelve month low of $50.27 and a twelve month high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were paid a dividend of $0.2544 per share. The ex-dividend date was Thursday, March 27th. This represents a $1.02 dividend on an annualized basis and a yield of 1.80%. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19.

First Trust NASDAQ Rising Dividend Achievers 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.