Mach 1 Financial Group LLC Increases Stake in First Trust NASDAQ Rising Dividend Achievers

Mach 1 Financial Group LLC has increased its investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 8.2% during the third quarter, as reported in its latest filing with the Securities and Exchange Commission. This institutional investor now owns a total of 133,093 shares of RDVY after acquiring an additional 10,036 shares this past quarter. As a result, First Trust NASDAQ Rising Dividend Achievers makes up about 4.8% of Mach 1 Financial Group LLC's overall portfolio, ranking it as their sixth largest investment. The value of Mach 1 Financial Group LLC's holdings in First Trust NASDAQ Rising Dividend Achievers is approximately $7,874,000.

Other institutional investors have also recently revised their positions in RDVY. For instance, LPL Financial LLC boosted its stake by 3.7% during the second quarter, bringing its total ownership to 19,372,722 shares, which are now valued at $1,060,656,000 after acquiring an additional 687,098 shares. Similarly, Raymond James Financial Services Advisors Inc. increased its position by 18.7% during the same period, owning now 6,872,756 shares worth $376,283,000. Also noteworthy is International Assets Investment Management LLC, which grew its stake by 5,796.9% in the third quarter, leading to ownership of 6,803,294 shares valued at $402,823,000 after a substantial purchase of 6,687,924 shares. Furthermore, Commonwealth Equity Services LLC raised its holdings by 12.9% in the third quarter, resulting in 5,230,868 shares valued at $309,720,000. Envestnet Asset Management Inc. also increased its stake by 5.2% in the second quarter, now holding 3,209,445 shares worth $175,717,000.

Performance of First Trust NASDAQ Rising Dividend Achievers

As of the latest trading day, RDVY opened at $62.81. The stock's fifty-day moving average stands at $59.03, while the 200-day moving average is $56.78. The 52-week range for RDVY is between a low of $45.15 and a high of $63.51. The company's market capitalization is approximately $12.95 billion, with a price-to-earnings ratio of 10.08 and a beta of 1.15.

Dividend Information

Recently, First Trust NASDAQ Rising Dividend Achievers announced a quarterly dividend which was paid on September 30th. Shareholders who were on record as of September 26th received a dividend of $0.1912 per share. This translates to an annualized dividend of $0.76, providing a dividend yield of 1.22%. The ex-dividend date was also September 26th.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust NASDAQ Rising Dividend Achievers ETF (RDVY) is an exchange-traded fund that follows the NASDAQ US Rising Dividend Achievers index. It includes 50 large-cap stocks known for maintaining high-quality, rising dividends. Launched on January 6, 2014, the ETF is managed by First Trust.

investment, dividend, ETF