Capital Investment Advisory Services LLC Acquires 29,702 Shares of FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Capital Investment Advisory Services LLC boosted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 20.1% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 177,798 shares of the company’s stock after acquiring an additional 29,702 shares during the quarter. Capital Investment Advisory Services LLC’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $4,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of RDVI. Merit Financial Group LLC bought a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the 3rd quarter worth approximately $16,699,000. Raymond James Financial Inc. grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 18.7% during the second quarter. Raymond James Financial Inc. now owns 2,589,340 shares of the company’s stock valued at $63,983,000 after buying an additional 407,656 shares during the last quarter. Atlas Private Wealth Advisors raised its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 69.7% in the second quarter. Atlas Private Wealth Advisors now owns 903,006 shares of the company’s stock worth $22,313,000 after buying an additional 370,852 shares during the period. Envestnet Asset Management Inc. increased 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 worth $23,862,000 after purchasing an additional 309,852 shares during the period. Finally, Cooper Capital Advisors LLC bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the second quarter worth $7,201,000.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

RDVI stock opened at $26.90 on Friday. 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 firm’s 50-day moving average is $26.73 and its 200 day moving average is $25.90. The company has a market capitalization of $2.22 billion, a PE ratio of 16.57 and a beta of 1.03.

FT Vest Rising Dividend Achievers Target Income ETF Increases Dividend

The company also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a $0.1928 dividend. The ex-dividend date was Wednesday, January 21st. This is a positive change 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%.

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.