PNC Financial Services Group Inc. Grows Stock Position in First Trust Rising Dividend Achievers ETF $RDVY

PNC Financial Services Group Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,309,827 shares of the company’s stock after acquiring an additional 61,311 shares during the period. PNC Financial Services Group Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $88,099,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in RDVY. Uniting Wealth Partners LLC lifted its stake in shares of First Trust Rising Dividend Achievers ETF by 1,567.3% in the 3rd quarter. Uniting Wealth Partners LLC now owns 218,970 shares of the company’s stock valued at $14,728,000 after purchasing an additional 205,837 shares during the last quarter. PCA Investment Advisory Services Inc. raised its holdings in First Trust Rising Dividend Achievers ETF by 1.1% in the 3rd quarter. PCA Investment Advisory Services Inc. now owns 47,645 shares of the company’s stock valued at $3,205,000 after buying an additional 502 shares during the period. Affinity Wealth Management LLC lifted its position in First Trust Rising Dividend Achievers ETF by 0.7% in the third quarter. Affinity Wealth Management LLC now owns 662,779 shares of the company’s stock valued at $44,579,000 after buying an additional 4,497 shares during the last quarter. Liberty Square Wealth Partners LLC lifted its position in First Trust Rising Dividend Achievers ETF by 35.2% in the third quarter. Liberty Square Wealth Partners LLC now owns 564,503 shares of the company’s stock valued at $37,968,000 after buying an additional 147,022 shares during the last quarter. Finally, Aspire Capital Advisors LLC boosted its stake in First Trust Rising Dividend Achievers ETF by 7.0% during the third quarter. Aspire Capital Advisors LLC now owns 6,517 shares of the company’s stock worth $438,000 after buying an additional 424 shares during the period.

First Trust Rising Dividend Achievers ETF Stock Performance

First Trust Rising Dividend Achievers ETF stock opened at $71.86 on Monday. The company’s 50 day simple moving average is $71.37 and its 200-day simple moving average is $68.18. First Trust Rising Dividend Achievers ETF has a 1 year low of $50.27 and a 1 year high of $73.43. The company has a market capitalization of $20.28 billion, a price-to-earnings ratio of 15.46 and a beta of 1.10.

First Trust Rising Dividend Achievers ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.1996 per share. This represents a $0.80 dividend on an annualized basis and a yield of 1.1%. This is a positive change from First Trust Rising Dividend Achievers ETF’s previous quarterly dividend of $0.15. The ex-dividend date was Friday, December 12th.

About First Trust Rising Dividend Achievers ETF

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.