Morey & Quinn Wealth Partners LLC Takes $1.28 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Morey & Quinn Wealth Partners LLC acquired a new position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 21,677 shares of the company’s stock, valued at approximately $1,282,000. First Trust NASDAQ Rising Dividend Achievers makes up about 1.1% of Morey & Quinn Wealth Partners LLC’s investment portfolio, making the stock its 18th largest position.

Several other large investors have also added to or reduced their stakes in RDVY. Cullen Frost Bankers Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $25,000. Sugarloaf Wealth Management LLC bought a new position in First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth about $40,000. Sound Income Strategies LLC bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter valued at about $40,000. Eastern Bank purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $57,000. Finally, Blue Trust Inc. raised its stake in First Trust NASDAQ Rising Dividend Achievers by 2,807.1% in the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after purchasing an additional 1,179 shares in the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

NASDAQ RDVY opened at $59.91 on Wednesday. The company has a market capitalization of $13.07 billion, a P/E ratio of 14.78 and a beta of 1.15. The company has a fifty day moving average of $61.17 and a 200-day moving average of $60.65. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $52.78 and a 52-week high of $64.63.

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.