Mainsail Financial Group LLC Increases Stake in First Trust NASDAQ Rising Dividend Achievers

Mainsail Financial Group LLC has increased its stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 3.4% during the fourth quarter as reported in its latest Form 13F filing with the Securities and Exchange Commission. After acquiring an additional 4,676 shares in the last quarter, Mainsail now holds 144,078 shares of the company.

This investment represents approximately 4.9% of Mainsail Financial Group's overall portfolio, making it the firm’s sixth largest position. At the close of the most recent quarter, the value of Mainsail's holdings in First Trust NASDAQ Rising Dividend Achievers amounted to $8,521,000, which corresponds to ownership of 0.07% of the total shares outstanding.

Several other investment firms have adjusted their positions in RDVY recently as well. Spectrum Wealth Advisory Group LLC added a new stake worth $12,392,000 in the third quarter. D.A. Davidson & CO. stepped up its investment by 4.5% during the same period, now owning 674,180 shares valued at $39,918,000 after obtaining an extra 29,294 shares. Furthermore, Claro Advisors LLC increased its stake by 29.3% during the third quarter, bringing its total to 62,771 shares worth $3,717,000 after adding 14,235 shares to its holdings. Elios Financial Group Inc. also entered a new position in First Trust NASDAQ Rising Dividend Achievers in the third quarter, investing around $6,731,000. Lastly, ORG Partners LLC expanded its stake significantly by 259.3% in the fourth quarter, increasing its holdings to 202,120 shares valued at $11,953,000 after purchasing an additional 145,866 shares.

First Trust NASDAQ Rising Dividend Achievers Stock Overview

On Friday, shares of First Trust NASDAQ Rising Dividend Achievers opened at $62.09. The stock's performance can be analyzed further with a 50-day simple moving average of $61.35 and a two-hundred day simple moving average of $59.75. The company's market capitalization stands at $13.54 billion, accompanied by a PE ratio of 10.08 and a beta of 1.15. Over the past year, the stock has experienced a low of $50.24 and a high of $64.63.

Dividend Information

Recently, the firm announced a dividend payout on December 31st of $0.2956. This dividend was allocated to investors who were on record as of December 13th, with the ex-dividend date also set for the same day.

About First Trust NASDAQ Rising Dividend Achievers

The First Trust Rising Dividend Achievers ETF (RDVY) is designed to track the NASDAQ US Rising Dividend Achievers index. This exchange-traded fund focuses on 50 large-cap stocks recognized for their history of increasing high-quality dividends. RDVY was initially launched on January 6, 2014, and is managed by First Trust.

investment, finance, dividends