Envestnet Asset Management Inc. Boosts Stake in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Envestnet Asset Management Inc. lifted its position in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 50.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 923,088 shares of the company’s stock after purchasing an additional 309,852 shares during the quarter. Envestnet Asset Management Inc. owned approximately 1.12% of FT Vest Rising Dividend Achievers Target Income ETF worth $23,862,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP acquired a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF in the second quarter valued at approximately $40,000. IMG Wealth Management Inc. raised its position in FT Vest Rising Dividend Achievers Target Income ETF by 31.4% in the 2nd quarter. IMG Wealth Management Inc. now owns 2,253 shares of the company’s stock valued at $56,000 after purchasing an additional 538 shares during the last quarter. 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 worth $75,000 after purchasing an additional 482 shares during the period. Barrett & Company Inc. grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 15.4% during the 3rd quarter. Barrett & Company Inc. now owns 5,625 shares of the company’s stock worth $145,000 after purchasing an additional 750 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. increased its stake in FT Vest Rising Dividend Achievers Target Income ETF by 99.2% in the third quarter. Hazlett Burt & Watson Inc. now owns 5,724 shares of the company’s stock valued at $148,000 after purchasing an additional 2,850 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

Shares of RDVI opened at $27.04 on Friday. FT Vest Rising Dividend Achievers Target Income ETF has a fifty-two week low of $20.43 and a fifty-two week high of $27.57. The firm has a 50-day simple moving average of $26.88 and a 200-day simple moving average of $25.99. The company has a market capitalization of $2.23 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 was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.1928 per share. This represents a c) dividend on an annualized basis and a yield of 8.6%. The ex-dividend date of this dividend was Wednesday, January 21st. This is a positive change from FT Vest Rising Dividend Achievers Target Income ETF’s previous monthly dividend of $0.18.

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.