StoneCrest Wealth Management Inc. Makes New $4.69 Million Investment in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

StoneCrest Wealth Management Inc. purchased a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 178,814 shares of the company’s stock, valued at approximately $4,692,000. FT Vest Rising Dividend Achievers Target Income ETF comprises about 1.9% of StoneCrest Wealth Management Inc.’s holdings, making the stock its 23rd biggest position. StoneCrest Wealth Management Inc. owned about 0.22% of FT Vest Rising Dividend Achievers Target Income ETF at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Merit Financial Group LLC bought a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter worth approximately $16,699,000. Raymond James Financial Inc. lifted its position in FT Vest Rising Dividend Achievers Target Income ETF by 16.0% during the third quarter. Raymond James Financial Inc. now owns 3,003,567 shares of the company’s stock valued at $77,642,000 after acquiring an additional 414,227 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 50.5% in the third quarter. Envestnet Asset Management Inc. now owns 923,088 shares of the company’s stock valued at $23,862,000 after acquiring an additional 309,852 shares in the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in FT Vest Rising Dividend Achievers Target Income ETF in the third quarter worth $4,248,000. Finally, Synovus Financial Corp grew its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 180.3% in the third quarter. Synovus Financial Corp now owns 182,126 shares of the company’s stock worth $4,708,000 after purchasing an additional 117,159 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Trading Down 0.0%

Shares of RDVI stock opened at $25.74 on Friday. FT Vest Rising Dividend Achievers Target Income ETF has a 12-month low of $20.43 and a 12-month high of $27.57. The business’s fifty day simple moving average is $26.58 and its 200-day simple moving average is $26.24. The company has a market cap of $2.13 billion, a PE ratio of 16.57 and a beta of 1.03.

FT Vest Rising Dividend Achievers Target Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were given a dividend of $0.1918 per share. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend was Friday, February 20th.

FT Vest Rising Dividend Achievers Target Income ETF Company 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.