Morey & Quinn Wealth Partners LLC Has $1.25 Million Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

Morey & Quinn Wealth Partners LLC decreased its stake in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 9.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 19,882 shares of the company’s stock after selling 2,003 shares during the period. First Trust Rising Dividend Achievers ETF makes up 1.0% of Morey & Quinn Wealth Partners LLC’s holdings, making the stock its 21st biggest holding. Morey & Quinn Wealth Partners LLC’s holdings in First Trust Rising Dividend Achievers ETF were worth $1,247,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its position in First Trust Rising Dividend Achievers ETF by 440.8% during the 1st quarter. Bank of New York Mellon Corp now owns 27,683 shares of the company’s stock worth $1,621,000 after buying an additional 22,564 shares in the last quarter. Assetmark Inc. lifted its position in First Trust Rising Dividend Achievers ETF by 772.8% during the 1st quarter. Assetmark Inc. now owns 64,832 shares of the company’s stock worth $3,795,000 after buying an additional 57,404 shares in the last quarter. Fifth Third Bancorp lifted its position in First Trust Rising Dividend Achievers ETF by 652.0% during the 1st quarter. Fifth Third Bancorp now owns 940 shares of the company’s stock worth $55,000 after buying an additional 815 shares in the last quarter. Arkadios Wealth Advisors lifted its position in First Trust Rising Dividend Achievers ETF by 69.9% during the 1st quarter. Arkadios Wealth Advisors now owns 207,911 shares of the company’s stock worth $12,171,000 after buying an additional 85,516 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC lifted its position in First Trust Rising Dividend Achievers ETF by 44.9% during the 1st quarter. Dynamic Advisor Solutions LLC now owns 6,890 shares of the company’s stock worth $403,000 after buying an additional 2,136 shares in the last quarter.

First Trust Rising Dividend Achievers ETF Stock Up 0.1%

Shares of NASDAQ RDVY opened at $67.28 on Thursday. The firm’s 50-day simple moving average is $65.77 and its 200 day simple moving average is $61.84. The company has a market cap of $17.26 billion, a price-to-earnings ratio of 15.46 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a 12-month low of $50.27 and a 12-month high of $68.11.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.1487 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.59 dividend on an annualized basis and a 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.