Wealth Enhancement Advisory Services LLC Purchases 27,535 Shares of FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Wealth Enhancement Advisory Services LLC raised its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 4.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 619,155 shares of the company’s stock after purchasing an additional 27,535 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $15,999,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of RDVI. Formidable Asset Management LLC lifted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 89.7% during the 3rd quarter. Formidable Asset Management LLC now owns 17,975 shares of the company’s stock worth $444,000 after acquiring an additional 8,500 shares during the last quarter. Nations Financial Group Inc. IA ADV grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 18.3% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 41,367 shares of the company’s stock valued at $1,069,000 after acquiring an additional 6,388 shares during the last quarter. Stephens Inc. AR increased its stake in FT Vest Rising Dividend Achievers Target Income ETF by 5.3% in the third quarter. Stephens Inc. AR now owns 103,450 shares of the company’s stock worth $2,674,000 after purchasing an additional 5,215 shares during the period. Cooper Capital Advisors LLC lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 7.0% during the third quarter. Cooper Capital Advisors LLC now owns 311,701 shares of the company’s stock worth $8,057,000 after purchasing an additional 20,277 shares during the last quarter. Finally, Meadow Creek Wealth Advisors LLC bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth $4,248,000.

FT Vest Rising Dividend Achievers Target Income ETF Trading Up 10.2%

BATS RDVI opened at $27.09 on Friday. The stock has a market cap of $2.24 billion, a PE ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a 12 month low of $20.43 and a 12 month high of $26.50. The company’s 50-day moving average price is $26.38 and its 200-day moving average price is $25.74.

FT Vest Rising Dividend Achievers Target Income ETF Increases Dividend

The business also recently announced a monthly dividend, which will be paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st will be paid a $0.1928 dividend. The ex-dividend date is Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 8.5%. This is an increase from FT Vest Rising Dividend Achievers Target Income ETF’s previous monthly dividend of $0.18.

FT Vest Rising Dividend Achievers Target Income ETF Profile

The FT Cboe Vest Rising Dividend Achievers Target Income ETF (RDVI) is an exchange-traded fund that is based on the NASDAQ US Rising Dividend Achievers index. The fund seeks to provide current income and capital appreciation by holding a portfolio of dividend-paying US equities, while utilizing a naked call writing strategy on the S&P 500 Index. RDVI was launched on Oct 19, 2022 and is managed by First Trust.