NewEdge Advisors LLC Lowers Position in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

NewEdge Advisors LLC decreased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 28.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 136,805 shares of the company’s stock after selling 53,532 shares during the quarter. NewEdge Advisors LLC owned 0.17% of FT Vest Rising Dividend Achievers Target Income ETF worth $3,495,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of RDVI. LPL Financial LLC raised its stake in FT Vest Rising Dividend Achievers Target Income ETF by 8.2% in the fourth quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock valued at $263,336,000 after purchasing an additional 762,029 shares in the last quarter. Raymond James Financial Inc. grew its stake in FT Vest Rising Dividend Achievers Target Income ETF by 16.0% in the 3rd quarter. Raymond James Financial Inc. now owns 3,003,567 shares of the company’s stock worth $77,642,000 after buying an additional 414,227 shares in the last quarter. Wells Fargo & Company MN grew its stake in FT Vest Rising Dividend Achievers Target Income ETF by 11.1% in the 4th quarter. Wells Fargo & Company MN now owns 2,928,956 shares of the company’s stock worth $76,856,000 after buying an additional 291,563 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 13.6% in the 1st quarter. Royal Bank of Canada now owns 2,478,696 shares of the company’s stock worth $63,331,000 after buying an additional 296,590 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 15.4% in the 1st quarter. Cetera Investment Advisers now owns 2,448,107 shares of the company’s stock worth $62,549,000 after buying an additional 326,378 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

FT Vest Rising Dividend Achievers Target Income ETF stock opened at $29.20 on Friday. The firm’s fifty day moving average price is $28.61 and its 200-day moving average price is $27.47. The stock has a market cap of $2.41 billion, a P/E ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a fifty-two week low of $24.21 and a fifty-two 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.