Pinnacle Associates Ltd. Buys 36,297 Shares of FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Pinnacle Associates Ltd. lifted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 835,957 shares of the company’s stock after acquiring an additional 36,297 shares during the period. Pinnacle Associates Ltd.’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $21,936,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Total Clarity Wealth Management Inc. boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 2.6% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 16,727 shares of the company’s stock valued at $432,000 after purchasing an additional 422 shares during the period. Ausdal Financial Partners Inc. boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 0.7% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 65,095 shares of the company’s stock valued at $1,683,000 after purchasing an additional 439 shares during the period. Cornerstone Wealth Management LLC boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 5.2% during the 3rd quarter. Cornerstone Wealth Management LLC now owns 9,395 shares of the company’s stock valued at $243,000 after purchasing an additional 462 shares during the period. Geneos Wealth Management Inc. boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 18.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 3,044 shares of the company’s stock valued at $75,000 after purchasing an additional 482 shares during the period. Finally, Novem Group boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 3.0% during the 4th quarter. Novem Group now owns 18,634 shares of the company’s stock valued at $489,000 after purchasing an additional 543 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Stock Down 0.4%

Shares of BATS:RDVI opened at $27.09 on Thursday. The business has a 50 day moving average price of $26.59 and a 200 day moving average price of $26.53. FT Vest Rising Dividend Achievers Target Income ETF has a twelve month low of $23.46 and a twelve month high of $27.80. The company has a market cap of $2.24 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03.

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.