Pinnacle Associates Ltd. Grows Stock Position in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Pinnacle Associates Ltd. boosted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 3.5% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 799,660 shares of the company’s stock after buying an additional 27,181 shares during the quarter. Pinnacle Associates Ltd.’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $20,671,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Raymond James Financial Inc. raised its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 18.7% in the second quarter. Raymond James Financial Inc. now owns 2,589,340 shares of the company’s stock valued at $63,983,000 after acquiring an additional 407,656 shares during the period. Commonwealth Equity Services LLC boosted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 6.2% during the 3rd quarter. Commonwealth Equity Services LLC now owns 1,939,836 shares of the company’s stock worth $50,145,000 after purchasing an additional 113,066 shares during the period. Cetera Investment Advisers boosted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 11.7% during the 2nd quarter. Cetera Investment Advisers now owns 1,521,561 shares of the company’s stock worth $37,598,000 after purchasing an additional 159,276 shares during the period. Envestnet Asset Management Inc. grew its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 50.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 923,088 shares of the company’s stock valued at $23,862,000 after purchasing an additional 309,852 shares during the last quarter. Finally, Prospera Financial Services Inc grew its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 10.2% during the 3rd quarter. Prospera Financial Services Inc now owns 753,087 shares of the company’s stock valued at $19,474,000 after purchasing an additional 69,783 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

FT Vest Rising Dividend Achievers Target Income ETF stock opened at $26.06 on Monday. The firm has a market capitalization of $2.15 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 $20.43 and a 1-year high of $27.57. The company’s 50-day moving average is $27.04 and its 200 day moving average is $26.21.

FT Vest Rising Dividend Achievers Target Income ETF Cuts Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.1918 per share. The ex-dividend date of this dividend was Friday, February 20th. This represents a c) dividend on an annualized basis and a dividend yield of 8.8%.

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.