Pinnacle Wealth Management Advisory Group LLC Increases Stock Position in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Pinnacle Wealth Management Advisory Group LLC boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 6.2% during the fourth quarter, HoldingsChannel reports. The firm owned 342,206 shares of the company’s stock after buying an additional 19,914 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $8,979,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of RDVI. Parallel Advisors LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth approximately $38,000. US Bancorp DE purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth approximately $57,000. Geneos Wealth Management Inc. raised its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 18.8% during the second quarter. Geneos Wealth Management Inc. now owns 3,044 shares of the company’s stock worth $75,000 after acquiring an additional 482 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 89.5% during the third quarter. Larson Financial Group LLC now owns 3,493 shares of the company’s stock worth $90,000 after acquiring an additional 1,650 shares in the last quarter. Finally, Founders Financial Alliance LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth approximately $116,000.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

RDVI stock opened at $27.32 on Monday. The company has a market capitalization of $2.26 billion, a PE ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a one year low of $23.15 and a one year high of $27.74. The company’s 50 day moving average price is $26.56 and its two-hundred day moving average price is $26.45.

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.