Royal Bank of Canada Boosts Holdings in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Royal Bank of Canada grew its position in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 13.6% in the 1st quarter, Holdings Channel reports. The institutional investor owned 2,478,696 shares of the company’s stock after purchasing an additional 296,590 shares during the quarter. Royal Bank of Canada’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $63,331,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of RDVI. Stratos Wealth Partners LTD. lifted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 42.8% during the 4th quarter. Stratos Wealth Partners LTD. now owns 252,624 shares of the company’s stock valued at $6,629,000 after acquiring an additional 75,674 shares during the period. Savvy Advisors Inc. purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 4th quarter worth $1,185,000. Apollon Wealth Management LLC lifted its position in FT Vest Rising Dividend Achievers Target Income ETF by 114.3% during the fourth quarter. Apollon Wealth Management LLC now owns 36,991 shares of the company’s stock valued at $971,000 after purchasing an additional 19,731 shares in the last quarter. LPL Financial LLC lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 8.2% during the 4th quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock valued at $263,336,000 after buying an additional 762,029 shares in the last quarter. Finally, World Investment Advisors boosted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 749.4% in the fourth quarter. World Investment Advisors now owns 81,652 shares of the company’s stock worth $2,143,000 after purchasing an additional 72,039 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

Shares of RDVI stock opened at $29.20 on Friday. The firm has a market capitalization of $2.41 billion, a PE ratio of 16.57 and a beta of 1.03. The stock has a fifty day simple moving average of $28.61 and a two-hundred day simple moving average of $27.47. FT Vest Rising Dividend Achievers Target Income ETF has a 52-week low of $24.21 and a 52-week high of $29.47.

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.