RFG Advisory LLC Buys 36,951 Shares of FT Vest Rising Dividend Achievers Target Income ETF $RDVI

RFG Advisory LLC increased its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 19.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 225,802 shares of the company’s stock after purchasing an additional 36,951 shares during the quarter. RFG Advisory LLC owned approximately 0.27% of FT Vest Rising Dividend Achievers Target Income ETF worth $5,769,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. LPL Financial LLC boosted its position in FT Vest Rising Dividend Achievers Target Income ETF by 8.2% during the 4th quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock worth $263,336,000 after buying an additional 762,029 shares during the period. Arax Advisory Partners acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the 4th quarter worth about $19,131,000. Osaic Holdings Inc. grew its stake in FT Vest Rising Dividend Achievers Target Income ETF by 41.4% during the fourth quarter. Osaic Holdings Inc. now owns 2,094,153 shares of the company’s stock worth $54,955,000 after purchasing an additional 613,273 shares during the period. Raymond James Financial Inc. increased its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 16.0% in the 3rd 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 in the last quarter. Finally, Wells Fargo & Company MN increased its stake in FT Vest Rising Dividend Achievers Target Income ETF by 11.1% in the fourth quarter. Wells Fargo & Company MN now owns 2,928,956 shares of the company’s stock valued at $76,856,000 after purchasing an additional 291,563 shares in the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

RDVI stock opened at $28.84 on Thursday. FT Vest Rising Dividend Achievers Target Income ETF has a fifty-two week low of $24.21 and a fifty-two week high of $29.18. The stock’s 50 day simple moving average is $27.72 and its 200 day simple moving average is $27.01. The company has a market cap of $2.38 billion, a P/E ratio of 16.57 and a beta of 1.03.

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.