RiverTree Advisors LLC Grows Position in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

RiverTree Advisors LLC raised its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 21.1% during the 3rd quarter, Holdings Channel.com reports. The fund owned 128,577 shares of the company’s stock after acquiring an additional 22,423 shares during the period. FT Vest Rising Dividend Achievers Target Income ETF accounts for about 2.1% of RiverTree Advisors LLC’s portfolio, making the stock its 19th biggest position. RiverTree Advisors LLC’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $3,324,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Allworth Financial LP purchased a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF in the second quarter valued at about $40,000. IMG Wealth Management Inc. grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 31.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 2,253 shares of the company’s stock worth $56,000 after purchasing an additional 538 shares in the last quarter. Hazlett Burt & Watson Inc. grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 60.4% in the 2nd quarter. Hazlett Burt & Watson Inc. now owns 2,874 shares of the company’s stock worth $70,000 after purchasing an additional 1,082 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in FT Vest Rising Dividend Achievers Target Income ETF by 18.8% in the 2nd quarter. Geneos Wealth Management Inc. now owns 3,044 shares of the company’s stock valued at $75,000 after buying an additional 482 shares during the last quarter. Finally, Barrett & Company Inc. purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the 2nd quarter valued at about $120,000.

FT Vest Rising Dividend Achievers Target Income ETF Stock Up 10.3%

Shares of BATS RDVI opened at $27.10 on Friday. FT Vest Rising Dividend Achievers Target Income ETF has a twelve month low of $20.43 and a twelve month high of $26.50. The stock’s 50 day moving average price is $26.62 and its 200-day moving average price is $25.83. The company has a market capitalization of $2.24 billion, a PE ratio of 16.57 and a beta of 1.03.

FT Vest Rising Dividend Achievers Target Income ETF Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a dividend of $0.1928 per share. This represents a c) dividend on an annualized basis and a yield of 8.5%. This is an increase from FT Vest Rising Dividend Achievers Target Income ETF’s previous monthly dividend of $0.18. The ex-dividend date was Wednesday, January 21st.

About FT Vest Rising Dividend Achievers Target Income ETF

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.