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

PNC Financial Services Group Inc. increased its position in First Trust NASDAQ Rising Dividend Achievers (NASDAQ:RDVY) by 6.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,185,165 shares of the company’s stock after purchasing an additional 70,422 shares during the quarter. PNC Financial Services Group Inc. owned approximately 0.54% of First Trust NASDAQ Rising Dividend Achievers worth $70,091,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new position in shares of First Trust NASDAQ Rising Dividend Achievers in the 4th quarter worth $25,000. Sugarloaf Wealth Management LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $40,000. Sound Income Strategies LLC acquired a new position in First Trust NASDAQ Rising Dividend Achievers in the fourth quarter valued at about $40,000. Eastern Bank bought a new position in First Trust NASDAQ Rising Dividend Achievers during the fourth quarter worth about $57,000. Finally, Blue Trust Inc. grew its position in shares of First Trust NASDAQ Rising Dividend Achievers by 2,807.1% during the 4th quarter. Blue Trust Inc. now owns 1,221 shares of the company’s stock worth $72,000 after buying an additional 1,179 shares during the period.

First Trust NASDAQ Rising Dividend Achievers Price Performance

Shares of NASDAQ:RDVY opened at $59.86 on Friday. The firm’s 50 day simple moving average is $61.38 and its 200 day simple moving average is $60.54. First Trust NASDAQ Rising Dividend Achievers has a fifty-two week low of $52.78 and a fifty-two week high of $64.63. The company has a market capitalization of $13.06 billion, a price-to-earnings ratio of 14.00 and a beta of 1.15.

First Trust NASDAQ Rising Dividend Achievers Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.2956 per share. The ex-dividend date was Friday, December 13th.

About First Trust NASDAQ Rising Dividend Achievers

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.