Marshall Investment Management LLC Has $4.68 Million Position in First Trust Rising Dividend Achievers ETF $RDVY

Marshall Investment Management LLC raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1,224.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 69,625 shares of the company’s stock after purchasing an additional 64,369 shares during the quarter. First Trust Rising Dividend Achievers ETF accounts for about 2.5% of Marshall Investment Management LLC’s holdings, making the stock its 11th biggest holding. Marshall Investment Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,683,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in RDVY. Moors & Cabot Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 19.3% in the 3rd quarter. Moors & Cabot Inc. now owns 9,805 shares of the company’s stock valued at $660,000 after buying an additional 1,587 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its position in First Trust Rising Dividend Achievers ETF by 83.2% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 43,437 shares of the company’s stock worth $2,922,000 after buying an additional 19,725 shares during the period. Larson Financial Group LLC grew its holdings in First Trust Rising Dividend Achievers ETF by 7.7% during the 3rd quarter. Larson Financial Group LLC now owns 41,670 shares of the company’s stock worth $2,803,000 after acquiring an additional 2,989 shares during the last quarter. Lido Advisors LLC bought a new stake in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $221,000. Finally, JPL Wealth Management LLC acquired a new position in First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at approximately $186,000.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY stock opened at $68.86 on Tuesday. The company has a market capitalization of $19.43 billion, a P/E ratio of 15.46 and a beta of 1.10. The company has a fifty day moving average price of $71.86 and a 200-day moving average price of $69.16. First Trust Rising Dividend Achievers ETF has a 52-week low of $50.27 and a 52-week high of $73.54.

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.