Echo Wealth Management LLC decreased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI – Free Report) by 8.4% in the 1st quarter, Holdings Channel reports. The firm owned 307,166 shares of the company’s stock after selling 28,039 shares during the quarter. FT Vest Rising Dividend Achievers Target Income ETF accounts for about 4.5% of Echo Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Echo Wealth Management LLC’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $7,848,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of RDVI. Parallel Advisors LLC bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF in the 3rd quarter valued at $38,000. US Bancorp DE acquired a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth $57,000. Topsail Wealth Management LLC bought a new position in FT Vest Rising Dividend Achievers Target Income ETF during the fourth quarter worth $66,000. Allworth Financial LP raised its stake in FT Vest Rising Dividend Achievers Target Income ETF by 113.2% during the fourth quarter. Allworth Financial LP now owns 2,543 shares of the company’s stock worth $67,000 after buying an additional 1,350 shares during the last quarter. Finally, Geneos Wealth Management Inc. lifted its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 18.8% in the second quarter. Geneos Wealth Management Inc. now owns 3,044 shares of the company’s stock valued at $75,000 after buying an additional 482 shares during the period.
FT Vest Rising Dividend Achievers Target Income ETF Trading Down 0.4%
Shares of RDVI opened at $28.86 on Friday. The stock has a market capitalization of $2.38 billion, a P/E ratio of 16.57 and a beta of 1.03. The firm’s fifty day simple moving average is $27.78 and its two-hundred day simple moving average is $27.05. FT Vest Rising Dividend Achievers Target Income ETF has a 12 month low of $24.21 and a 12 month high of $29.18.
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.
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Want to see what other hedge funds are holding RDVI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI – Free Report).
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