Mainsail Financial Group LLC Has $5.45 Million Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Mainsail Financial Group LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 96,962 shares of the company’s stock after purchasing an additional 3,292 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 3.8% of Mainsail Financial Group LLC’s holdings, making the stock its 8th biggest position. Mainsail Financial Group LLC owned about 0.05% of First Trust NASDAQ Rising Dividend Achievers worth $5,446,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Qube Research & Technologies Ltd increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 2,447.0% in the 3rd quarter. Qube Research & Technologies Ltd now owns 49,029 shares of the company’s stock worth $2,253,000 after acquiring an additional 47,104 shares in the last quarter. Truist Financial Corp increased its stake in First Trust NASDAQ Rising Dividend Achievers by 6.0% in the 3rd quarter. Truist Financial Corp now owns 601,031 shares of the company’s stock worth $27,617,000 after acquiring an additional 34,159 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.8% during the 3rd quarter. Ameriprise Financial Inc. now owns 4,070,451 shares of the company’s stock worth $187,008,000 after acquiring an additional 187,162 shares in the last quarter. Royal Bank of Canada boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2.0% during the 3rd quarter. Royal Bank of Canada now owns 2,555,184 shares of the company’s stock valued at $117,411,000 after acquiring an additional 49,247 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the third quarter worth $109,000.

First Trust NASDAQ Rising Dividend Achievers Stock Down 0.1 %

RDVY stock opened at $54.88 on Thursday. The company has a fifty day simple moving average of $54.77 and a two-hundred day simple moving average of $53.47. The firm has a market capitalization of $10.39 billion, a P/E ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $43.30 and a 52 week high of $56.28.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.2616 per share. This represents a $1.05 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date of this dividend was Thursday, June 27th.

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.