IFP Advisors Inc Increases Stock Position in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

IFP Advisors Inc grew its holdings in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 29.2% during the 2nd quarter, Holdings Channel reports. The firm owned 239,480 shares of the company’s stock after buying an additional 54,139 shares during the period. IFP Advisors Inc’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $7,041,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Archer Investment Corp raised its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 47.8% during the 1st quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock worth $30,000 after purchasing an additional 385 shares during the last quarter. Parallel Advisors LLC purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the 3rd quarter valued at approximately $38,000. Coppell Advisory Solutions LLC acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the 2nd quarter valued at $50,000. US Bancorp DE acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter valued at $57,000. Finally, IMG Wealth Management Inc. increased its position in FT Vest Rising Dividend Achievers Target Income ETF by 21.2% during the first quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock worth $59,000 after buying an additional 404 shares in the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Down 0.7%

BATS RDVI opened at $28.78 on Thursday. FT Vest Rising Dividend Achievers Target Income ETF has a fifty-two week low of $24.77 and a fifty-two week high of $30.08. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03. The business has a fifty day moving average of $29.24 and a 200-day moving average of $27.92.

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.