Arkadios Wealth Advisors Buys 58,389 Shares of FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Arkadios Wealth Advisors increased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 128.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 103,833 shares of the company’s stock after acquiring an additional 58,389 shares during the period. Arkadios Wealth Advisors owned approximately 0.13% of FT Vest Rising Dividend Achievers Target Income ETF worth $2,684,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Merit Financial Group LLC purchased a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter valued at $16,699,000. Beaumont Financial Advisors LLC bought a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the 2nd quarter worth approximately $12,564,000. Clarus Group Inc. bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF in the 2nd quarter worth approximately $10,700,000. Raymond James Financial Inc. increased its stake in FT Vest Rising Dividend Achievers Target Income ETF by 18.7% during the 2nd quarter. Raymond James Financial Inc. now owns 2,589,340 shares of the company’s stock valued at $63,983,000 after purchasing an additional 407,656 shares in the last quarter. Finally, Atlas Private Wealth Advisors lifted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 69.7% during the second quarter. Atlas Private Wealth Advisors now owns 903,006 shares of the company’s stock valued at $22,313,000 after purchasing an additional 370,852 shares in the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Up 10.5%

RDVI opened at $27.16 on Thursday. FT Vest Rising Dividend Achievers Target Income ETF has a twelve month low of $20.43 and a twelve month high of $26.50. The firm has a 50 day moving average price of $26.35 and a 200-day moving average price of $25.73. The stock has a market capitalization 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 Increases Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, January 30th. Investors of record on Wednesday, January 21st will be given a dividend of $0.1928 per share. The ex-dividend date of this dividend is Wednesday, January 21st. This is an increase from FT Vest Rising Dividend Achievers Target Income ETF’s previous monthly dividend of $0.18. This represents a c) dividend on an annualized basis and a yield of 8.5%.

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.