Moors & Cabot Inc. Buys 3,012 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Moors & Cabot Inc. boosted its position in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 65.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,587 shares of the company’s stock after buying an additional 3,012 shares during the quarter. Moors & Cabot Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $449,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Cullen Frost Bankers Inc. purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the 4th quarter worth about $25,000. Sugarloaf Wealth Management LLC bought a new stake in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter worth about $40,000. Sound Income Strategies LLC purchased a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $40,000. Eastern Bank bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers during the fourth quarter valued at approximately $57,000. Finally, Blue Trust Inc. grew its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the fourth quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock valued at $72,000 after buying an additional 1,179 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Stock Performance

Shares of RDVY stock opened at $58.45 on Friday. The stock has a 50 day moving average price of $61.27 and a 200 day moving average price of $60.55. The firm has a market capitalization of $12.75 billion, a P/E ratio of 14.78 and a beta of 1.15. 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.