Mach 1 Financial Group LLC Acquires Shares of 153,546 First Trust Rising Dividend Achievers ETF $RDVY

Mach 1 Financial Group LLC purchased a new position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 153,546 shares of the company’s stock, valued at approximately $10,667,000. First Trust Rising Dividend Achievers ETF accounts for 2.2% of Mach 1 Financial Group LLC’s holdings, making the stock its 12th biggest position.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Perspectives Inc purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $26,000. Trust Co. of Vermont purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $27,000. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth approximately $28,000. United Community Bank purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth approximately $28,000. Finally, Pin Oak Investment Advisors Inc. purchased a new stake in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth approximately $38,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of NASDAQ RDVY opened at $74.63 on Thursday. The business’s 50 day moving average price is $71.80 and its 200-day moving average price is $70.86. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $59.01 and a fifty-two week high of $75.75. The company has a market cap of $21.92 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 1.0%.

First Trust Rising Dividend Achievers ETF 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.