Mainsail Financial Group LLC Boosts Holdings in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Mainsail Financial Group LLC lifted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 144,078 shares of the company’s stock after purchasing an additional 4,676 shares during the period. First Trust NASDAQ Rising Dividend Achievers accounts for 4.9% of Mainsail Financial Group LLC’s holdings, making the stock its 6th biggest position. Mainsail Financial Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $8,521,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Platform Technology Partners grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 26.6% in the fourth quarter. Platform Technology Partners now owns 19,578 shares of the company’s stock worth $1,158,000 after acquiring an additional 4,112 shares during the period. Realta Investment Advisors boosted its position in First Trust NASDAQ Rising Dividend Achievers by 21.8% in the fourth quarter. Realta Investment Advisors now owns 6,307 shares of the company’s stock worth $376,000 after purchasing an additional 1,129 shares during the last quarter. Barrett & Company Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.0% during the 4th quarter. Barrett & Company Inc. now owns 30,904 shares of the company’s stock valued at $1,828,000 after purchasing an additional 611 shares during the period. Golden State Wealth Management LLC purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $8,867,000. Finally, SMART Wealth LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5.4% in the 4th quarter. SMART Wealth LLC now owns 100,475 shares of the company’s stock worth $5,942,000 after purchasing an additional 5,120 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.9 %

RDVY opened at $62.09 on Friday. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $50.24 and a 12-month high of $64.63. The company has a market cap of $13.54 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. The company’s 50 day moving average is $61.35 and its 200 day moving average is $59.75.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a dividend of $0.2956 per share. 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.