Catalyst Investment Management LLC bought a new stake in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI – Free Report) during the third quarter, Holdings Channel reports. The fund bought 85,831 shares of the company’s stock, valued at approximately $2,393,000. FT Vest Rising Dividend Achievers Target Income ETF comprises about 2.1% of Catalyst Investment Management LLC’s investment portfolio, making the stock its 16th biggest position.
A number of other institutional investors have also recently added to or reduced their stakes in RDVI. Pinnacle Associates Ltd. raised its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 856,465 shares of the company’s stock worth $23,878,000 after purchasing an additional 3,712 shares during the period. Integrated Advisors Network LLC lifted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 3.7% in the 3rd quarter. Integrated Advisors Network LLC now owns 29,239 shares of the company’s stock valued at $815,000 after purchasing an additional 1,035 shares in the last quarter. Retirement Planning Group LLC grew its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 10.0% during the 3rd quarter. Retirement Planning Group LLC now owns 156,711 shares of the company’s stock worth $4,369,000 after purchasing an additional 14,191 shares during the period. Independent Wealth Network Inc. grew its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 5.9% during the 3rd quarter. Independent Wealth Network Inc. now owns 17,533 shares of the company’s stock worth $489,000 after purchasing an additional 969 shares during the period. Finally, IFP Advisors Inc grew its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 4.2% during the 3rd quarter. IFP Advisors Inc now owns 249,561 shares of the company’s stock worth $6,958,000 after purchasing an additional 10,081 shares during the period.
FT Vest Rising Dividend Achievers Target Income ETF Stock Performance
RDVI opened at $28.17 on Thursday. The firm has a 50 day moving average price of $28.68 and a 200 day moving average price of $28.36. The company has a market cap of $2.33 billion, a PE ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a 1 year low of $24.77 and a 1 year high of $30.08.
FT Vest Rising Dividend Achievers Target Income ETF Company 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.
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