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 Form 13F filing with the Securities & Exchange Commission. The fund purchased 102,553 shares of the company’s stock, valued at approximately $6,065,000. First Trust NASDAQ Rising Dividend Achievers accounts for approximately 5.2% of Hickory Asset Management Inc.’s investment portfolio, making the stock its 3rd largest position.

Several other hedge funds have also bought and sold shares of RDVY. LPL Financial LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 4.9% in the third quarter. LPL Financial LLC now owns 20,326,430 shares of the company’s stock worth $1,203,528,000 after acquiring an additional 953,708 shares during the period. International Assets Investment Management LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 5,796.9% in the third quarter. International Assets Investment Management LLC now owns 6,803,294 shares of the company’s stock worth $402,823,000 after acquiring an additional 6,687,924 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.9% in the third quarter. Commonwealth Equity Services LLC now owns 5,230,868 shares of the company’s stock worth $309,720,000 after acquiring an additional 596,099 shares during the period. Stifel Financial Corp boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.2% in the third quarter. Stifel Financial Corp now owns 1,675,769 shares of the company’s stock worth $99,224,000 after acquiring an additional 35,479 shares during the period. Finally, Private Advisor Group LLC boosted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.8% in the third quarter. Private Advisor Group LLC now owns 1,639,849 shares of the company’s stock worth $97,095,000 after acquiring an additional 28,765 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Stock Up 0.6 %

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

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

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