Pinnacle Associates Ltd. Has $21.94 Million Holdings in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Pinnacle Associates Ltd. grew its position in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 835,957 shares of the company’s stock after purchasing an additional 36,297 shares during the period. Pinnacle Associates Ltd. owned about 1.01% of FT Vest Rising Dividend Achievers Target Income ETF worth $21,936,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Parallel Advisors LLC bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter worth about $38,000. US Bancorp DE bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter worth about $57,000. Topsail Wealth Management LLC bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 4th quarter worth about $66,000. Allworth Financial LP boosted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 113.2% during the 4th quarter. Allworth Financial LP now owns 2,543 shares of the company’s stock worth $67,000 after acquiring an additional 1,350 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 18.8% during the 2nd 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.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

RDVI opened at $27.09 on Thursday. The company has a market cap of $2.24 billion, a PE ratio of 16.57 and a beta of 1.03. The stock has a 50-day moving average of $26.59 and a 200-day moving average of $26.53. FT Vest Rising Dividend Achievers Target Income ETF has a 52-week low of $23.46 and a 52-week high of $27.80.

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.