Marshall Investment Management LLC Takes $6.75 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Marshall Investment Management LLC purchased a new stake in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 114,021 shares of the company’s stock, valued at approximately $6,751,000. First Trust NASDAQ Rising Dividend Achievers accounts for about 4.0% of Marshall Investment Management LLC’s holdings, making the stock its 4th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sugarloaf Wealth Management LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $40,000. Sound Income Strategies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $40,000. Eastern Bank bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $57,000. Blue Trust Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after purchasing an additional 1,179 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock valued at $97,000 after purchasing an additional 182 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of NASDAQ:RDVY opened at $61.25 on Friday. The business’s 50 day simple moving average is $61.24 and its two-hundred day simple moving average is $60.17. The firm has a market cap of $13.65 billion, a P/E ratio of 14.00 and a beta of 1.13. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $51.90 and a 52-week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.2956 dividend. The ex-dividend date was Friday, December 13th.

About First Trust NASDAQ Rising Dividend Achievers

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.