Morey & Quinn Wealth Partners LLC Makes New Investment in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Morey & Quinn Wealth Partners LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & 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 approximately 1.1% of Morey & Quinn Wealth Partners LLC's investment portfolio, making the stock its 18th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LPL Financial LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 4.8% in the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company's stock worth $1,260,104,000 after purchasing an additional 980,714 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth $593,242,000. Commonwealth Equity Services LLC boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers by 7.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company's stock worth $333,550,000 after acquiring an additional 409,135 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.8% in the 4th quarter. Kestra Advisory Services LLC now owns 2,572,894 shares of the company's stock valued at $152,161,000 after acquiring an additional 46,729 shares during the last quarter. Finally, Private Advisor Group LLC increased its holdings in First Trust NASDAQ Rising Dividend Achievers by 11.9% in the 4th quarter. Private Advisor Group LLC now owns 1,835,062 shares of the company's stock valued at $108,526,000 after acquiring an additional 195,213 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of First Trust NASDAQ Rising Dividend Achievers stock traded down $1.20 during trading on Friday, reaching $58.03. 1,531,740 shares of the stock traded hands, compared to its average volume of 773,474. First Trust NASDAQ Rising Dividend Achievers has a 52-week low of $52.78 and a 52-week high of $64.63. The business has a fifty day simple moving average of $60.99 and a two-hundred day simple moving average of $60.67. The company has a market capitalization of $12.66 billion, a price-to-earnings ratio of 14.89 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, March 27th will be issued a dividend of $0.2544 per share. This represents a $1.02 annualized dividend and a dividend yield of 1.75%. This is a boost from First Trust NASDAQ Rising Dividend Achievers's previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Thursday, March 27th.

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.