Marshall Investment Management LLC Makes New Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Marshall Investment Management LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 114,021 shares of the company’s stock, valued at approximately $6,751,000. First Trust NASDAQ Rising Dividend Achievers comprises about 4.0% of Marshall Investment Management LLC’s investment portfolio, making the stock its 4th biggest position. Marshall Investment Management LLC owned about 0.05% of First Trust NASDAQ Rising Dividend Achievers at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Trueblood Wealth Management LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 56.3% in the 3rd quarter. Trueblood Wealth Management LLC now owns 12,066 shares of the company’s stock valued at $714,000 after purchasing an additional 4,347 shares during the period. Arkadios Wealth Advisors boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 35.9% in the 3rd quarter. Arkadios Wealth Advisors now owns 96,911 shares of the company’s stock valued at $5,738,000 after purchasing an additional 25,599 shares during the period. Consolidated Portfolio Review Corp boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 1.4% in the 3rd quarter. Consolidated Portfolio Review Corp now owns 119,716 shares of the company’s stock valued at $7,088,000 after purchasing an additional 1,671 shares during the period. PFG Investments LLC boosted its stake in First Trust NASDAQ Rising Dividend Achievers by 4.0% in the 3rd quarter. PFG Investments LLC now owns 7,426 shares of the company’s stock valued at $440,000 after purchasing an additional 285 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2.0% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 69,797 shares of the company’s stock valued at $4,133,000 after acquiring an additional 1,351 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ:RDVY opened at $61.25 on Friday. The stock has a fifty day moving average price of $61.24 and a 200-day moving average price of $60.17. The company has a market cap of $13.65 billion, a price-to-earnings ratio of 14.00 and a beta of 1.13. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $51.90 and a fifty-two week high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.2956 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers 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.