Mainsail Financial Group LLC Grows Stake in First Trust Rising Dividend Achievers ETF $RDVY

Mainsail Financial Group LLC increased its holdings in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 2.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 156,483 shares of the company’s stock after purchasing an additional 4,205 shares during the period. First Trust Rising Dividend Achievers ETF accounts for 4.5% of Mainsail Financial Group LLC’s holdings, making the stock its 6th biggest holding. Mainsail Financial Group LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $9,761,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Centennial Wealth Advisory LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 89.5% during the second quarter. Centennial Wealth Advisory LLC now owns 33,489 shares of the company’s stock valued at $2,101,000 after purchasing an additional 15,816 shares in the last quarter. Northwest Wealth Management LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 8.5% during the second quarter. Northwest Wealth Management LLC now owns 6,539 shares of the company’s stock valued at $410,000 after purchasing an additional 515 shares in the last quarter. Raleigh Capital Management Inc. boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 34.2% during the second quarter. Raleigh Capital Management Inc. now owns 648 shares of the company’s stock valued at $41,000 after purchasing an additional 165 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in shares of First Trust Rising Dividend Achievers ETF by 5.5% during the second quarter. Janney Montgomery Scott LLC now owns 1,344,406 shares of the company’s stock valued at $84,348,000 after purchasing an additional 69,849 shares in the last quarter. Finally, Smith Anglin Financial LLC bought a new position in shares of First Trust Rising Dividend Achievers ETF during the second quarter valued at approximately $292,000.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

Shares of RDVY opened at $67.29 on Tuesday. The company has a market cap of $16.42 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a twelve month low of $50.27 and a twelve month high of $67.59. The company has a 50 day moving average of $65.30 and a two-hundred day moving average of $61.47.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th will be paid a $0.1487 dividend. This represents a $0.59 annualized dividend and a yield of 0.9%. The ex-dividend date is Thursday, September 25th.

About First Trust Rising Dividend Achievers ETF

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.