Beacon Financial Group Increases Position in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Beacon Financial Group raised its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 29.2% in the 1st quarter, Holdings Channel reports. The institutional investor owned 89,849 shares of the company’s stock after purchasing an additional 20,326 shares during the quarter. Beacon Financial Group’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $2,296,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Kestra Advisory Services LLC grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 24.7% in the 1st quarter. Kestra Advisory Services LLC now owns 1,259,725 shares of the company’s stock valued at $32,186,000 after acquiring an additional 249,373 shares during the last quarter. Money Concepts Capital Corp bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the first quarter worth $333,000. Axxcess Wealth Management LLC boosted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 81.7% during the first quarter. Axxcess Wealth Management LLC now owns 24,735 shares of the company’s stock valued at $632,000 after purchasing an additional 11,122 shares during the period. Centerpoint Advisory Group boosted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 94.0% during the first quarter. Centerpoint Advisory Group now owns 94,263 shares of the company’s stock valued at $2,408,000 after purchasing an additional 45,678 shares during the period. Finally, World Investment Advisors boosted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 10.4% during the first quarter. World Investment Advisors now owns 90,166 shares of the company’s stock valued at $2,304,000 after purchasing an additional 8,514 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Trading Up 1.2%

BATS RDVI opened at $28.94 on Friday. The stock has a market cap of $2.39 billion, a PE ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a 12 month low of $24.21 and a 12 month high of $29.47. The company’s 50-day moving average price is $28.07 and its 200-day moving average price is $27.22.

FT Vest Rising Dividend Achievers Target Income ETF Company 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.