Truist Financial Corp Decreases Stake in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Truist Financial Corp lessened its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 36.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,312 shares of the company’s stock after selling 68,121 shares during the quarter. Truist Financial Corp’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $3,084,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Allworth Financial LP purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the second quarter worth about $40,000. IMG Wealth Management Inc. grew its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 31.4% in the second quarter. IMG Wealth Management Inc. now owns 2,253 shares of the company’s stock valued at $56,000 after purchasing an additional 538 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 60.4% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,874 shares of the company’s stock valued at $70,000 after purchasing an additional 1,082 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 18.8% in the second quarter. Geneos Wealth Management Inc. now owns 3,044 shares of the company’s stock valued at $75,000 after purchasing an additional 482 shares during the last quarter. Finally, Barrett & Company Inc. lifted its position in FT Vest Rising Dividend Achievers Target Income ETF by 15.4% during the third quarter. Barrett & Company Inc. now owns 5,625 shares of the company’s stock worth $145,000 after buying an additional 750 shares in the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

BATS RDVI opened at $26.90 on Friday. The stock’s fifty day moving average is $26.73 and its two-hundred day moving average is $25.90. The firm has a market capitalization of $2.22 billion, a P/E ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a fifty-two week low of $20.43 and a fifty-two week high of $26.50.

FT Vest Rising Dividend Achievers Target Income ETF Increases Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a $0.1928 dividend. This is an increase from FT Vest Rising Dividend Achievers Target Income ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a dividend yield of 8.6%. The ex-dividend date of this dividend was Wednesday, January 21st.

About FT Vest Rising Dividend Achievers Target Income ETF

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.