HighTower Advisors LLC Has $12.86 Million Holdings in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

HighTower Advisors LLC grew its holdings in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 28.8% in the 2nd quarter, Holdings Channel reports. The fund owned 437,345 shares of the company’s stock after purchasing an additional 97,677 shares during the quarter. HighTower Advisors LLC’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $12,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Archer Investment Corp increased its position in FT Vest Rising Dividend Achievers Target Income ETF by 47.8% during the first quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock worth $30,000 after acquiring an additional 385 shares during the period. Parallel Advisors LLC acquired a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the third quarter valued at about $38,000. Coppell Advisory Solutions LLC acquired a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the second quarter valued at about $50,000. US Bancorp DE acquired a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the third quarter valued at about $57,000. Finally, IMG Wealth Management Inc. lifted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 21.2% in the first quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock valued at $59,000 after buying an additional 404 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Stock Down 0.7%

RDVI stock opened at $28.78 on Thursday. FT Vest Rising Dividend Achievers Target Income ETF has a twelve month low of $24.77 and a twelve month high of $30.08. The company has a market cap of $2.38 billion, a PE ratio of 16.57 and a beta of 1.03. The business’s 50-day simple moving average is $29.24 and its 200 day simple moving average is $27.92.

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.