Meadow Creek Wealth Advisors LLC Makes New Investment in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Meadow Creek Wealth Advisors LLC purchased a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 167,966 shares of the company’s stock, valued at approximately $4,248,000. FT Vest Rising Dividend Achievers Target Income ETF comprises about 2.8% of Meadow Creek Wealth Advisors LLC’s investment portfolio, making the stock its 8th biggest holding. Meadow Creek Wealth Advisors LLC owned approximately 0.20% of FT Vest Rising Dividend Achievers Target Income ETF as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Merit Financial Group LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter worth $16,699,000. Beaumont Financial Advisors LLC bought a new position in FT Vest Rising Dividend Achievers Target Income ETF in the 2nd quarter worth $12,564,000. Clarus Group Inc. bought a new position in FT Vest Rising Dividend Achievers Target Income ETF in the 2nd quarter worth $10,700,000. Raymond James Financial Inc. lifted its position in 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 purchasing an additional 407,656 shares in the last quarter. Finally, Atlas Private Wealth Advisors grew its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 69.7% during the second quarter. Atlas Private Wealth Advisors now owns 903,006 shares of the company’s stock valued at $22,313,000 after purchasing an additional 370,852 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Stock Up 10.4%

Shares of RDVI opened at $27.13 on Wednesday. The business has a 50-day simple moving average of $26.17 and a two-hundred day simple moving average of $25.64. FT Vest Rising Dividend Achievers Target Income ETF has a 52 week low of $20.43 and a 52 week high of $26.50. The stock has a market cap of $2.24 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03.

FT Vest Rising Dividend Achievers Target Income ETF Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were paid a dividend of $0.1785 per share. The ex-dividend date was Friday, November 21st. This represents a c) dividend on an annualized basis and a yield of 7.9%.

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.