Marshall Investment Management LLC Buys 64,369 Shares of First Trust Rising Dividend Achievers ETF $RDVY

Marshall Investment Management LLC boosted its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 1,224.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm 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 comprises about 2.5% of Marshall Investment Management LLC’s holdings, making the stock its 11th biggest position. Marshall Investment Management LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $4,683,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Corp bought a new position in shares of First Trust Rising Dividend Achievers ETF during the 3rd quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $28,000. Mather Group LLC. bought a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter valued at about $31,000. Collier Financial acquired a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $41,000. Finally, Center for Financial Planning Inc. acquired a new position in First Trust Rising Dividend Achievers ETF during the 3rd quarter worth approximately $42,000.

First Trust Rising Dividend Achievers ETF Stock Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $68.86 on Tuesday. First Trust Rising Dividend Achievers ETF has a 52 week low of $50.27 and a 52 week high of $73.54. The stock has a 50 day moving average price of $71.86 and a two-hundred day moving average price of $69.16. The stock has a market capitalization of $19.43 billion, a PE ratio of 15.46 and a beta of 1.10.

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.