ARQ Wealth Advisors LLC Raises Holdings in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

ARQ Wealth Advisors LLC increased its holdings in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 65.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 181,733 shares of the company’s stock after buying an additional 71,786 shares during the period. FT Vest Rising Dividend Achievers Target Income ETF comprises approximately 1.4% of ARQ Wealth Advisors LLC’s investment portfolio, making the stock its 22nd biggest holding. ARQ Wealth Advisors LLC owned about 0.22% of FT Vest Rising Dividend Achievers Target Income ETF worth $4,698,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Parallel Advisors LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the 3rd quarter valued at $38,000. Allworth Financial LP purchased a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 2nd quarter worth $40,000. US Bancorp DE bought a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the third quarter valued at about $57,000. Geneos Wealth Management Inc. boosted its position in FT Vest Rising Dividend Achievers Target Income ETF by 18.8% during the second 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 in the last quarter. Finally, Larson Financial Group LLC raised its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 89.5% in the third quarter. Larson Financial Group LLC now owns 3,493 shares of the company’s stock worth $90,000 after purchasing an additional 1,650 shares in the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

RDVI stock opened at $26.05 on Wednesday. The firm has a market cap of $2.15 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03. The firm has a 50-day simple moving average of $26.95 and a two-hundred day simple moving average of $26.24. FT Vest Rising Dividend Achievers Target Income ETF has a one year low of $20.43 and a one year high of $27.57.

FT Vest Rising Dividend Achievers Target Income ETF Cuts Dividend

The company also recently disclosed a monthly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.1918 per share. This represents a c) annualized dividend and a dividend yield of 8.8%. The ex-dividend date 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.