Pinnacle Associates Ltd. Grows 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 3.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 799,660 shares of the company’s stock after purchasing an additional 27,181 shares during the quarter. Pinnacle Associates Ltd. owned approximately 0.97% of FT Vest Rising Dividend Achievers Target Income ETF worth $20,671,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Parallel Advisors LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter valued at $38,000. Allworth Financial LP bought a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the second quarter valued at about $40,000. US Bancorp DE bought a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the third quarter valued at about $57,000. Geneos Wealth Management Inc. lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 18.8% in the second quarter. Geneos Wealth Management Inc. now owns 3,044 shares of the company’s stock valued at $75,000 after acquiring an additional 482 shares in the last quarter. Finally, Founders Financial Alliance LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the third quarter valued at about $116,000.

FT Vest Rising Dividend Achievers Target Income ETF Stock Down 2.1%

BATS RDVI opened at $26.06 on Monday. FT Vest Rising Dividend Achievers Target Income ETF has a twelve month low of $20.43 and a twelve month high of $27.57. The business has a 50-day moving average price of $27.04 and a 200-day moving average price of $26.21. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03.

FT Vest Rising Dividend Achievers Target Income ETF Cuts Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a $0.1918 dividend. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a yield of 8.8%.

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.