Mainsail Financial Group LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY – Free Report) by 3.5% during the 1st quarter, HoldingsChannel reports. The fund owned 96,962 shares of the company’s stock after buying an additional 3,292 shares during the period. First Trust NASDAQ Rising Dividend Achievers comprises 3.8% of Mainsail Financial Group LLC’s portfolio, making the stock its 8th largest position. Mainsail Financial Group LLC’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $5,446,000 at the end of the most recent quarter.
A number of other large investors have also recently added to or reduced their stakes in RDVY. Morgan Stanley lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 8.1% in the 3rd quarter. Morgan Stanley now owns 12,995,589 shares of the company’s stock worth $597,147,000 after buying an additional 969,819 shares during the last quarter. Wells Fargo & Company MN boosted its position in First Trust NASDAQ Rising Dividend Achievers by 1.0% during the 4th quarter. Wells Fargo & Company MN now owns 7,955,014 shares of the company’s stock valued at $411,036,000 after purchasing an additional 79,637 shares during the period. International Assets Investment Management LLC increased its position in First Trust NASDAQ Rising Dividend Achievers by 5,519.6% in the fourth quarter. International Assets Investment Management LLC now owns 6,615,517 shares of the company’s stock worth $341,824,000 after buying an additional 6,497,795 shares during the period. Raymond James Financial Services Advisors Inc. lifted its stake in First Trust NASDAQ Rising Dividend Achievers by 10.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 5,803,282 shares of the company’s stock valued at $299,856,000 after buying an additional 557,879 shares during the last quarter. Finally, Global Assets Advisory LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 5,315.6% during the first quarter. Global Assets Advisory LLC now owns 4,216,002 shares of the company’s stock valued at $236,813,000 after acquiring an additional 4,138,153 shares during the period.
First Trust NASDAQ Rising Dividend Achievers Stock Down 0.1 %
RDVY stock opened at $54.88 on Thursday. The stock has a market cap of $10.39 billion, a PE ratio of 10.08 and a beta of 1.15. The firm’s 50-day simple moving average is $54.77 and its 200 day simple moving average is $53.47. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $43.30 and a fifty-two week high of $56.28.
First Trust NASDAQ Rising Dividend Achievers Cuts Dividend
First Trust NASDAQ Rising Dividend Achievers Company 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.
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