PNC Financial Services Group Inc. Purchases 91,006 Shares of First Trust Rising Dividend Achievers ETF $RDVY

PNC Financial Services Group Inc. raised its position in First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 6.9% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,400,833 shares of the company’s stock after acquiring an additional 91,006 shares during the period. PNC Financial Services Group Inc. owned about 0.50% of First Trust Rising Dividend Achievers ETF worth $97,316,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Inc. raised its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.8% in the second quarter. Raymond James Financial Inc. now owns 11,201,473 shares of the company’s stock valued at $702,780,000 after purchasing an additional 198,938 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in First Trust Rising Dividend Achievers ETF by 10.1% during the third quarter. Ameriprise Financial Inc. now owns 7,790,897 shares of the company’s stock worth $523,914,000 after purchasing an additional 716,800 shares during the last quarter. Bank of America Corp DE grew its position in First Trust Rising Dividend Achievers ETF by 7.0% in the third quarter. Bank of America Corp DE now owns 6,992,315 shares of the company’s stock valued at $470,303,000 after purchasing an additional 455,258 shares in the last quarter. UBS Group AG grew its position in First Trust Rising Dividend Achievers ETF by 4.4% in the fourth quarter. UBS Group AG now owns 5,994,505 shares of the company’s stock valued at $416,438,000 after purchasing an additional 254,241 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in First Trust Rising Dividend Achievers ETF by 13.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 4,906,017 shares of the company’s stock valued at $329,979,000 after buying an additional 577,318 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Price Performance

Shares of NASDAQ:RDVY opened at $74.63 on Thursday. The company’s 50-day moving average price is $71.80 and its two-hundred day moving average price is $70.86. First Trust Rising Dividend Achievers ETF has a one year low of $59.01 and a one year high of $75.75. The stock has a market capitalization of $21.92 billion, a PE ratio of 15.46 and a beta of 1.02.

First Trust Rising Dividend Achievers ETF Cuts Dividend

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

First Trust Rising Dividend Achievers ETF Company 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.