First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) Stake Raised by MML Investors Services LLC

MML Investors Services LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) by 2.8% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,017,213 shares of the company's stock after purchasing an additional 27,761 shares during the period. MML Investors Services LLC owned 0.47% of First Trust NASDAQ Rising Dividend Achievers worth $60,158,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. ORG Partners LLC boosted its holdings in First Trust NASDAQ Rising Dividend Achievers by 259.3% in the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company's stock worth $11,953,000 after acquiring an additional 145,866 shares during the period. SMART Wealth LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 21.4% in the third quarter. SMART Wealth LLC now owns 95,355 shares of the company's stock worth $5,646,000 after acquiring an additional 16,777 shares during the last quarter. Next Level Private LLC boosted its position in First Trust NASDAQ Rising Dividend Achievers by 6.2% during the 4th quarter. Next Level Private LLC now owns 262,333 shares of the company's stock valued at $15,514,000 after purchasing an additional 15,253 shares during the period. Aspire Capital Advisors LLC boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 3.7% during the fourth quarter. Aspire Capital Advisors LLC now owns 213,876 shares of the company's stock valued at $12,649,000 after acquiring an additional 7,558 shares during the period. Finally, Hidden Cove Wealth Management LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $4,219,000.

First Trust NASDAQ Rising Dividend Achievers Trading Down 0.4 %

RDVY traded down $0.21 during trading hours on Friday, hitting $56.60. The company's stock had a trading volume of 625,452 shares, compared to its average volume of 832,945. The firm has a market capitalization of $13.14 billion, a PE ratio of 13.97 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $50.27 and a fifty-two week high of $64.63. The company has a 50-day simple moving average of $57.88 and a 200 day simple moving average of $60.16.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.2544 per share. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 27th. This represents a $1.02 annualized dividend and a yield of 1.80%.

First Trust NASDAQ Rising Dividend Achievers 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.