Orion Porfolio Solutions LLC Purchases 30,417 Shares of FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Orion Porfolio Solutions LLC boosted its position in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 54.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 86,125 shares of the company’s stock after buying an additional 30,417 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $2,226,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Total Clarity Wealth Management Inc. boosted its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 2.6% during the third quarter. Total Clarity Wealth Management Inc. now owns 16,727 shares of the company’s stock valued at $432,000 after acquiring an additional 422 shares during the period. Cornerstone Wealth Management LLC increased its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 5.2% in the third quarter. Cornerstone Wealth Management LLC now owns 9,395 shares of the company’s stock worth $243,000 after purchasing an additional 462 shares during the period. Geneos Wealth Management Inc. lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 18.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,044 shares of the company’s stock worth $75,000 after purchasing an additional 482 shares during the last quarter. Faithward Advisors LLC lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 3.3% during the 2nd quarter. Faithward Advisors LLC now owns 17,859 shares of the company’s stock worth $441,000 after purchasing an additional 576 shares during the last quarter. Finally, Brookwood Investment Group LLC boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 7.5% during the 3rd quarter. Brookwood Investment Group LLC now owns 9,478 shares of the company’s stock valued at $245,000 after purchasing an additional 665 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Stock Down 0.3%

RDVI opened at $26.18 on Wednesday. The firm has a market capitalization of $2.16 billion, a P/E ratio of 16.57 and a beta of 1.03. The stock’s 50 day moving average price is $27.03 and its two-hundred day moving average price is $26.23. FT Vest Rising Dividend Achievers Target Income ETF has a 12-month low of $20.43 and a 12-month high of $27.57.

FT Vest Rising Dividend Achievers Target Income ETF Cuts Dividend

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

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.