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

PNC Financial Services Group Inc. increased its position in shares of First Trust Rising Dividend Achievers ETF (NASDAQ:RDVY) by 4.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,309,827 shares of the company’s stock after purchasing an additional 61,311 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.50% of First Trust Rising Dividend Achievers ETF worth $88,099,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC raised its position in shares of First Trust Rising Dividend Achievers ETF by 70.2% in the first quarter. AQR Capital Management LLC now owns 31,071 shares of the company’s stock valued at $1,819,000 after buying an additional 12,820 shares during the last quarter. Signature Estate & Investment Advisors LLC grew its stake in First Trust Rising Dividend Achievers ETF by 1.2% during the 2nd quarter. Signature Estate & Investment Advisors LLC now owns 22,631 shares of the company’s stock valued at $1,420,000 after acquiring an additional 279 shares in the last quarter. International Assets Investment Management LLC raised its holdings in First Trust Rising Dividend Achievers ETF by 1.0% in the 2nd quarter. International Assets Investment Management LLC now owns 117,819 shares of the company’s stock valued at $7,392,000 after acquiring an additional 1,153 shares during the last quarter. Liberty Square Wealth Partners LLC lifted its stake in First Trust Rising Dividend Achievers ETF by 30.9% in the 2nd quarter. Liberty Square Wealth Partners LLC now owns 417,481 shares of the company’s stock worth $26,193,000 after purchasing an additional 98,496 shares in the last quarter. Finally, Altus Wealth Group LLC boosted its holdings in shares of First Trust Rising Dividend Achievers ETF by 1.6% during the 2nd quarter. Altus Wealth Group LLC now owns 21,606 shares of the company’s stock worth $1,356,000 after purchasing an additional 337 shares during the last quarter.

First Trust Rising Dividend Achievers ETF Stock Performance

NASDAQ:RDVY opened at $71.86 on Monday. First Trust Rising Dividend Achievers ETF has a one year low of $50.27 and a one year high of $73.43. The stock has a market cap of $20.28 billion, a PE ratio of 15.46 and a beta of 1.10. The stock has a 50 day moving average price of $71.37 and a 200 day moving average price of $68.18.

First Trust Rising Dividend Achievers ETF Increases Dividend

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

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.