Pinnacle Wealth Management Advisory Group LLC Purchases 19,914 Shares of FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Pinnacle Wealth Management Advisory Group LLC increased its position in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 6.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 342,206 shares of the company’s stock after acquiring an additional 19,914 shares during the quarter. Pinnacle Wealth Management Advisory Group LLC owned about 0.41% of FT Vest Rising Dividend Achievers Target Income ETF worth $8,979,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of RDVI. Parallel Advisors LLC purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the third quarter valued at approximately $38,000. US Bancorp DE purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the third quarter valued at approximately $57,000. Geneos Wealth Management Inc. raised its stake in 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 purchasing an additional 482 shares in the last quarter. Larson Financial Group LLC raised its stake in FT Vest Rising Dividend Achievers Target Income ETF by 89.5% in the third quarter. Larson Financial Group LLC now owns 3,493 shares of the company’s stock valued at $90,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Founders Financial Alliance LLC purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the third quarter valued at approximately $116,000.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

Shares of RDVI opened at $27.32 on Monday. The firm’s 50 day simple moving average is $26.56 and its 200 day simple moving average is $26.45. The company has a market capitalization of $2.26 billion, a P/E ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a 1-year low of $23.15 and a 1-year high of $27.74.

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.