Hickory Asset Management Inc. Purchases Shares of 102,553 First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Hickory Asset Management Inc. purchased a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 102,553 shares of the company’s stock, valued at approximately $6,065,000. First Trust NASDAQ Rising Dividend Achievers makes up 5.2% of Hickory Asset Management Inc.’s holdings, making the stock its 3rd biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. Spectrum Wealth Advisory Group LLC purchased a new position in First Trust NASDAQ Rising Dividend Achievers during the 3rd quarter valued at approximately $12,392,000. 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 last quarter. Claro Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 29.3% in the 3rd quarter. Claro Advisors LLC now owns 62,771 shares of the company’s stock valued at $3,717,000 after purchasing an additional 14,235 shares during the last quarter. Elios Financial Group Inc. bought a new stake in shares of First Trust NASDAQ Rising Dividend Achievers in the 3rd quarter valued at approximately $6,731,000. Finally, ORG Partners LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 259.3% in the 4th quarter. ORG Partners LLC now owns 202,120 shares of the company’s stock valued at $11,953,000 after purchasing an additional 145,866 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

NASDAQ:RDVY opened at $62.64 on Friday. The firm has a market capitalization of $13.66 billion, a price-to-earnings ratio of 10.08 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a 1 year low of $51.39 and a 1 year high of $64.63. The business has a 50 day simple moving average of $61.19 and a 200-day simple moving average of $59.92.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers 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.