PNC Financial Services Group Inc. Acquires 70,422 Shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY)

PNC Financial Services Group Inc. grew its holdings in shares of First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 6.3% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,185,165 shares of the company’s stock after purchasing an additional 70,422 shares during the period. PNC Financial Services Group Inc.’s holdings in First Trust NASDAQ Rising Dividend Achievers were worth $70,091,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. MBE Wealth Management LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 4.2% in the fourth quarter. MBE Wealth Management LLC now owns 4,057 shares of the company’s stock valued at $240,000 after acquiring an additional 163 shares during the last quarter. Trueblood Wealth Management LLC increased its position in shares of First Trust NASDAQ Rising Dividend Achievers by 1.4% during the 4th quarter. Trueblood Wealth Management LLC now owns 12,233 shares of the company’s stock worth $723,000 after purchasing an additional 167 shares during the last quarter. Pacific Sun Financial Corp raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 2.9% during the 4th quarter. Pacific Sun Financial Corp now owns 6,090 shares of the company’s stock worth $360,000 after purchasing an additional 170 shares in the last quarter. Crewe Advisors LLC raised its stake in shares of First Trust NASDAQ Rising Dividend Achievers by 12.5% during the 3rd quarter. Crewe Advisors LLC now owns 1,635 shares of the company’s stock worth $97,000 after purchasing an additional 182 shares in the last quarter. Finally, L & S Advisors Inc boosted its holdings in shares of First Trust NASDAQ Rising Dividend Achievers by 1.0% in the 3rd quarter. L & S Advisors Inc now owns 19,350 shares of the company’s stock valued at $1,146,000 after buying an additional 197 shares during the last quarter.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of RDVY opened at $59.86 on Friday. The firm has a 50-day moving average of $61.38 and a 200-day moving average of $60.54. The company has a market cap of $13.06 billion, a PE ratio of 14.00 and a beta of 1.15. First Trust NASDAQ Rising Dividend Achievers has a one year low of $52.78 and a one year high of $64.63.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.2956 dividend. The ex-dividend date of this dividend was Friday, December 13th.

First Trust NASDAQ Rising Dividend Achievers 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.