First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) Position Lifted by Hickory Asset Management Inc.

Hickory Asset Management Inc. grew its stake in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 0.6% during the first quarter, HoldingsChannel reports. The fund owned 103,190 shares of the company’s stock after acquiring an additional 637 shares during the quarter. First Trust Rising Dividend Achievers ETF comprises about 5.4% of Hickory Asset Management Inc.’s holdings, making the stock its 3rd largest position. Hickory Asset Management Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $6,041,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Inc. purchased a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $593,242,000. Leigh Baldwin & CO. LLC purchased a new position in First Trust Rising Dividend Achievers ETF during the 4th quarter worth $132,464,000. Ameriprise Financial Inc. grew its stake in First Trust Rising Dividend Achievers ETF by 30.0% during the 4th quarter. Ameriprise Financial Inc. now owns 6,135,682 shares of the company’s stock worth $362,832,000 after buying an additional 1,417,024 shares during the last quarter. LPL Financial LLC grew its stake in First Trust Rising Dividend Achievers ETF by 4.8% during the 4th quarter. LPL Financial LLC now owns 21,307,144 shares of the company’s stock worth $1,260,104,000 after buying an additional 980,714 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in First Trust Rising Dividend Achievers ETF by 7.8% during the 4th quarter. Commonwealth Equity Services LLC now owns 5,640,003 shares of the company’s stock worth $333,550,000 after buying an additional 409,135 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $60.52 on Friday. The business’s 50-day simple moving average is $58.44 and its two-hundred day simple moving average is $59.86. The company has a market cap of $14.10 billion, a PE ratio of 15.48 and a beta of 1.15. First Trust Rising Dividend Achievers ETF has a fifty-two week low of $50.27 and a fifty-two week high of $64.63.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.2544 per share. This represents a $1.02 annualized dividend and a yield of 1.68%. The ex-dividend date was Thursday, March 27th. This is an increase from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.19.

First Trust Rising Dividend Achievers ETF 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.