StoneCrest Wealth Management Inc. Acquires Shares of 178,814 FT Vest Rising Dividend Achievers Target Income ETF $RDVI

StoneCrest Wealth Management Inc. acquired a new position in 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 & Exchange Commission. The institutional investor acquired 178,814 shares of the company’s stock, valued at approximately $4,692,000. FT Vest Rising Dividend Achievers Target Income ETF accounts for about 1.9% of StoneCrest Wealth Management Inc.’s portfolio, making the stock its 23rd largest holding.

Other hedge funds have also modified their holdings of the company. Merit Financial Group LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the 3rd quarter valued at about $16,699,000. Raymond James Financial Inc. boosted its position in FT Vest Rising Dividend Achievers Target Income ETF by 16.0% during the third quarter. Raymond James Financial Inc. now owns 3,003,567 shares of the company’s stock worth $77,642,000 after purchasing an additional 414,227 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in FT Vest Rising Dividend Achievers Target Income ETF by 50.5% during the third quarter. Envestnet Asset Management Inc. now owns 923,088 shares of the company’s stock worth $23,862,000 after purchasing an additional 309,852 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the third quarter valued at approximately $4,248,000. Finally, Synovus Financial Corp increased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 180.3% in the third quarter. Synovus Financial Corp now owns 182,126 shares of the company’s stock valued at $4,708,000 after buying an additional 117,159 shares in the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

Shares of RDVI stock opened at $25.74 on Friday. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03. The stock has a 50 day simple moving average of $26.58 and a 200-day simple moving average of $26.24. FT Vest Rising Dividend Achievers Target Income ETF has a 1-year low of $20.43 and a 1-year high of $27.57.

FT Vest Rising Dividend Achievers Target Income ETF Cuts Dividend

The business also recently declared a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were issued a $0.1918 dividend. This represents a c) annualized dividend and a yield of 8.9%. The ex-dividend date of this dividend was Friday, February 20th.

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.