MML Investors Services LLC Boosts Position in First Trust Rising Dividend Achievers ETF $RDVY

MML Investors Services LLC raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.7% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,496,878 shares of the company’s stock after acquiring an additional 93,664 shares during the quarter. MML Investors Services LLC owned approximately 0.53% of First Trust Rising Dividend Achievers ETF worth $103,988,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Quad Cities Investment Group LLC increased its position in shares of First Trust Rising Dividend Achievers ETF by 0.7% during the 4th quarter. Quad Cities Investment Group LLC now owns 21,219 shares of the company’s stock valued at $1,474,000 after purchasing an additional 157 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 0.3% in the third quarter. Allworth Financial LP now owns 59,767 shares of the company’s stock worth $4,020,000 after buying an additional 159 shares during the last quarter. Insigneo Advisory Services LLC grew its position in First Trust Rising Dividend Achievers ETF by 0.8% during the third quarter. Insigneo Advisory Services LLC now owns 19,956 shares of the company’s stock valued at $1,342,000 after buying an additional 163 shares during the period. Acorn Wealth Advisors LLC grew its position in First Trust Rising Dividend Achievers ETF by 3.7% during the fourth quarter. Acorn Wealth Advisors LLC now owns 5,481 shares of the company’s stock valued at $381,000 after buying an additional 197 shares during the period. Finally, Tucker Asset Management LLC increased its holdings in First Trust Rising Dividend Achievers ETF by 5.3% during the fourth quarter. Tucker Asset Management LLC now owns 4,128 shares of the company’s stock valued at $287,000 after buying an additional 206 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

RDVY opened at $78.58 on Monday. First Trust Rising Dividend Achievers ETF has a 1-year low of $60.30 and a 1-year high of $78.71. The company has a market capitalization of $23.08 billion, a PE ratio of 15.46 and a beta of 1.01. The firm’s 50 day simple moving average is $74.31 and its two-hundred day simple moving average is $71.95.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1813 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.73 annualized dividend and a yield of 0.9%.

First Trust Rising Dividend Achievers ETF 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.