FT Vest Rising Dividend Achievers Target Income ETF $RDVI Stake Raised by Summit Financial Wealth Advisors LLC

Summit Financial Wealth Advisors LLC lifted its holdings in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 52.4% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 620,073 shares of the company’s stock after buying an additional 213,208 shares during the period. FT Vest Rising Dividend Achievers Target Income ETF comprises 2.1% of Summit Financial Wealth Advisors LLC’s holdings, making the stock its 12th largest holding. Summit Financial Wealth Advisors LLC owned approximately 0.75% of FT Vest Rising Dividend Achievers Target Income ETF worth $17,288,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in RDVI. Cozad Asset Management Inc. raised its position in FT Vest Rising Dividend Achievers Target Income ETF by 2.1% in the first quarter. Cozad Asset Management Inc. now owns 17,965 shares of the company’s stock valued at $459,000 after purchasing an additional 369 shares during the period. Archer Investment Corp grew its holdings 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 period. IMG Wealth Management Inc. grew its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 21.2% during the 1st quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock worth $59,000 after purchasing an additional 404 shares during the period. Insight Advisors LLC PA grew its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 1.0% during the 1st quarter. Insight Advisors LLC PA now owns 42,579 shares of the company’s stock worth $1,088,000 after purchasing an additional 435 shares during the period. Finally, Independent Wealth Network Inc. increased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 3.9% during the 1st quarter. Independent Wealth Network Inc. now owns 16,624 shares of the company’s stock worth $425,000 after purchasing an additional 628 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

Shares of BATS:RDVI traded up $0.21 during midday trading on Thursday, reaching $28.27. 893,041 shares of the company’s stock were exchanged, compared to its average volume of 810,761. The stock has a market cap of $2.34 billion, a price-to-earnings 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 $24.77 and a fifty-two week high of $30.08. The firm’s 50 day simple moving average is $28.84 and its two-hundred day simple moving average is $28.26.

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. RDVI was launched on Oct 19, 2022 and is managed by First Trust.