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

Mach 1 Financial Group LLC purchased a new stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 153,546 shares of the company’s stock, valued at approximately $10,667,000. First Trust Rising Dividend Achievers ETF accounts for approximately 2.2% of Mach 1 Financial Group LLC’s investment portfolio, making the stock its 12th largest position. Mach 1 Financial Group LLC owned 0.05% of First Trust Rising Dividend Achievers ETF as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Financial Perspectives Inc bought a new stake in First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $26,000. Trust Co. of Vermont bought a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth about $28,000. United Community Bank bought a new position in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter worth about $28,000. Finally, Pin Oak Investment Advisors Inc. bought a new position in shares of First Trust Rising Dividend Achievers ETF in the third quarter worth about $38,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.9%

NASDAQ RDVY opened at $74.63 on Thursday. The firm has a market cap of $21.92 billion, a price-to-earnings ratio of 15.46 and a beta of 1.02. The business has a 50-day moving average price of $71.80 and a 200-day moving average price of $70.86. First Trust Rising Dividend Achievers ETF has a twelve month low of $59.01 and a twelve month high of $75.75.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend 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.