MML Investors Services LLC Raises Holdings in First Trust Rising Dividend Achievers ETF $RDVY

MML Investors Services LLC grew its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,496,878 shares of the company’s stock after purchasing an additional 93,664 shares during the period. MML Investors Services LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $103,988,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Financial Perspectives Inc purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $26,000. Huntington National Bank grew its position in shares of First Trust Rising Dividend Achievers ETF by 37,000.0% during the fourth quarter. Huntington National Bank now owns 371 shares of the company’s stock valued at $26,000 after purchasing an additional 370 shares in the last quarter. Trust Co. of Vermont purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $27,000. United Community Bank purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $28,000. Finally, Lloyd Advisory Services LLC. purchased a new position in shares of First Trust Rising Dividend Achievers ETF during the fourth quarter valued at about $36,000.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of First Trust Rising Dividend Achievers ETF stock opened at $78.58 on Monday. The firm has a market cap of $23.08 billion, a price-to-earnings ratio of 15.46 and a beta of 1.01. The business has a 50-day moving average price of $74.31 and a 200-day moving average price of $71.95. First Trust Rising Dividend Achievers ETF has a twelve month low of $60.30 and a twelve month high of $78.71.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.1813 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.73 dividend on an annualized basis and a dividend yield of 0.9%.

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.