Savvy Advisors Inc. Makes New $1.19 Million Investment in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Savvy Advisors Inc. bought a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 45,145 shares of the company’s stock, valued at approximately $1,185,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of RDVI. Merit Financial Group LLC acquired a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth $16,699,000. Raymond James Financial Inc. boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 16.0% in the third quarter. Raymond James Financial Inc. now owns 3,003,567 shares of the company’s stock valued at $77,642,000 after acquiring an additional 414,227 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 50.5% in the third quarter. Envestnet Asset Management Inc. now owns 923,088 shares of the company’s stock valued at $23,862,000 after acquiring an additional 309,852 shares in the last quarter. StoneCrest Wealth Management Inc. acquired a new position in FT Vest Rising Dividend Achievers Target Income ETF in the fourth quarter valued at $4,692,000. Finally, Meadow Creek Wealth Advisors LLC acquired a new position in FT Vest Rising Dividend Achievers Target Income ETF in the third quarter valued at $4,248,000.

FT Vest Rising Dividend Achievers Target Income ETF Stock Up 0.9%

RDVI opened at $25.98 on Tuesday. The business has a 50 day moving average price of $26.53 and a two-hundred day moving average price of $26.26. The company has a market cap of $2.15 billion, a PE ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a 52 week low of $20.43 and a 52 week high of $27.57.

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.