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

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

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. D.A. Davidson & CO. lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.5% in the 3rd quarter. D.A. Davidson & CO. now owns 674,180 shares of the company’s stock valued at $39,918,000 after purchasing an additional 29,294 shares during the period. Elios Financial Group Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter worth about $6,731,000. ORG Partners LLC lifted its position in First Trust NASDAQ Rising Dividend Achievers by 259.3% during the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after acquiring an additional 145,866 shares during the period. Captrust Financial Advisors purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the third quarter valued at approximately $247,000. Finally, SMART Wealth LLC grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 21.4% in the 3rd quarter. SMART Wealth LLC now owns 95,355 shares of the company’s stock worth $5,646,000 after buying an additional 16,777 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.3 %

Shares of NASDAQ:RDVY opened at $59.91 on Wednesday. First Trust NASDAQ Rising Dividend Achievers has a 12-month low of $52.78 and a 12-month high of $64.63. The stock has a market capitalization of $13.07 billion, a price-to-earnings ratio of 14.78 and a beta of 1.15. The stock has a fifty day simple moving average of $61.17 and a two-hundred day simple moving average of $60.65.

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.