IFP Advisors Inc Trims Stake in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

IFP Advisors Inc trimmed its stake in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 7.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,071 shares of the company’s stock after selling 5,733 shares during the period. IFP Advisors Inc owned 0.09% of FT Vest Rising Dividend Achievers Target Income ETF worth $1,830,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. LPL Financial LLC increased its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 15.3% in the 1st quarter. LPL Financial LLC now owns 6,889,305 shares of the company’s stock worth $163,414,000 after purchasing an additional 912,535 shares in the last quarter. Raymond James Financial Inc. increased its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 34.7% in the 1st quarter. Raymond James Financial Inc. now owns 2,181,684 shares of the company’s stock worth $51,750,000 after purchasing an additional 561,929 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 3.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 1,700,031 shares of the company’s stock worth $40,325,000 after purchasing an additional 59,709 shares in the last quarter. Royal Bank of Canada boosted its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 41.1% in the 1st quarter. Royal Bank of Canada now owns 1,672,762 shares of the company’s stock worth $39,678,000 after buying an additional 487,625 shares during the period. Finally, Cetera Investment Advisers boosted its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 16.2% in the 1st quarter. Cetera Investment Advisers now owns 1,362,285 shares of the company’s stock worth $32,313,000 after buying an additional 190,323 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

Shares of FT Vest Rising Dividend Achievers Target Income ETF stock opened at $25.00 on Friday. The company has a market capitalization of $2.07 billion, a P/E ratio of 16.57 and a beta of 1.03. The company has a fifty day moving average of $25.48 and a 200 day moving average of $24.39. FT Vest Rising Dividend Achievers Target Income ETF has a fifty-two week low of $20.43 and a fifty-two week high of $26.50.

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.