Hickory Asset Management Inc. Takes $6.07 Million Position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

Hickory Asset Management Inc. acquired a new stake in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 102,553 shares of the company's stock, valued at approximately $6,065,000. First Trust NASDAQ Rising Dividend Achievers comprises approximately 5.2% of Hickory Asset Management Inc.'s investment portfolio, making the stock its 3rd largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. MBE Wealth Management LLC lifted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% during the 4th quarter. MBE Wealth Management LLC now owns 4,057 shares of the company's stock valued at $240,000 after buying an additional 163 shares during the period. Trueblood Wealth Management LLC lifted its holdings in First Trust NASDAQ Rising Dividend Achievers by 1.4% in the fourth quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company's stock valued at $723,000 after acquiring an additional 167 shares during the period. Financial Services Advisory Inc increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.2% during the 3rd quarter. Financial Services Advisory Inc now owns 14,883 shares of the company's stock valued at $881,000 after purchasing an additional 170 shares during the last quarter. Crewe Advisors LLC lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% in the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company's stock worth $97,000 after purchasing an additional 182 shares during the period. Finally, L & S Advisors Inc lifted its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% in the 3rd quarter. L & S Advisors Inc now owns 19,350 shares of the company's stock worth $1,146,000 after purchasing an additional 197 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Trading Up 0.0 %

NASDAQ RDVY traded up $0.01 during trading hours on Wednesday, hitting $63.26. 500,954 shares of the company's stock traded hands, compared to its average volume of 986,629. First Trust NASDAQ Rising Dividend Achievers has a 52 week low of $51.50 and a 52 week high of $64.63. The firm has a market capitalization of $13.80 billion, a P/E ratio of 10.08 and a beta of 1.15. The business's fifty day moving average price is $61.19 and its two-hundred day moving average price is $60.02.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.2956 per share. 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.