PNC Financial Services Group Inc. Has $97.32 Million Stake in First Trust Rising Dividend Achievers ETF $RDVY

PNC Financial Services Group Inc. lifted its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,400,833 shares of the company’s stock after purchasing an additional 91,006 shares during the period. PNC Financial Services Group Inc.’s holdings in First Trust Rising Dividend Achievers ETF were worth $97,316,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Financial Perspectives Inc bought a new stake in shares of First Trust Rising Dividend Achievers ETF in the fourth quarter valued at about $26,000. Trust Co. of Vermont bought a new position in First Trust Rising Dividend Achievers ETF during the fourth quarter worth about $27,000. Cullen Frost Bankers Inc. bought a new position in First Trust Rising Dividend Achievers ETF during the third quarter worth about $28,000. United Community Bank acquired a new stake in First Trust Rising Dividend Achievers ETF in the 4th quarter worth about $28,000. Finally, Pin Oak Investment Advisors Inc. acquired a new stake in First Trust Rising Dividend Achievers ETF in the 3rd quarter worth about $38,000.

First Trust Rising Dividend Achievers ETF Stock Up 1.9%

NASDAQ RDVY opened at $74.63 on Thursday. The firm has a 50-day moving average price of $71.80 and a two-hundred day moving average price of $70.86. First Trust Rising Dividend Achievers ETF has a 12-month low of $59.01 and a 12-month high of $75.75. The company has a market capitalization of $21.92 billion, a P/E ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.1813 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date was Thursday, March 26th.

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.