Mainsail Financial Group LLC Has $8.52 Million Position 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 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 144,078 shares of the company’s stock after buying an additional 4,676 shares during the quarter. First Trust NASDAQ Rising Dividend Achievers comprises approximately 4.9% of Mainsail Financial Group LLC’s portfolio, making the stock its 6th biggest position. Mainsail Financial Group LLC owned 0.07% of First Trust NASDAQ Rising Dividend Achievers worth $8,521,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RDVY. Spectrum Wealth Advisory Group LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at $12,392,000. D.A. Davidson & CO. increased its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% during the third quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after acquiring an additional 29,294 shares in the last quarter. Claro Advisors LLC raised its position in shares of First Trust NASDAQ Rising Dividend Achievers by 29.3% in the 3rd quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock worth $3,717,000 after purchasing an additional 14,235 shares during the last quarter. Elios Financial Group Inc. bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth about $6,731,000. Finally, ORG Partners LLC grew its position in First Trust NASDAQ Rising Dividend Achievers by 259.3% during the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after purchasing an additional 145,866 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock opened at $62.09 on Friday. The company has a 50-day simple moving average of $61.35 and a two-hundred day simple moving average of $59.75. The stock has a market capitalization of $13.54 billion, a PE ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $50.24 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.