Arax Advisory Partners Makes New Investment in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Arax Advisory Partners purchased 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 disclosure with the Securities & Exchange Commission. The fund purchased 729,093 shares of the company’s stock, valued at approximately $19,131,000. Arax Advisory Partners owned about 0.88% of FT Vest Rising Dividend Achievers Target Income ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Stratos Wealth Partners LTD. lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 42.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 252,624 shares of the company’s stock worth $6,629,000 after buying an additional 75,674 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 50.5% during the 3rd 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 during the last quarter. Savvy Advisors Inc. acquired a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 4th quarter worth about $1,185,000. Apollon Wealth Management LLC lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 114.3% during the 4th quarter. Apollon Wealth Management LLC now owns 36,991 shares of the company’s stock worth $971,000 after purchasing an additional 19,731 shares during the last quarter. Finally, LPL Financial LLC lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 8.2% during the 4th quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock worth $263,336,000 after purchasing an additional 762,029 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

BATS RDVI opened at $28.66 on Friday. FT Vest Rising Dividend Achievers Target Income ETF has a twelve month low of $23.93 and a twelve month high of $28.68. The stock has a market capitalization of $2.37 billion, a PE ratio of 16.57 and a beta of 1.03. The stock has a 50-day simple moving average of $27.33 and a 200 day simple moving average of $26.84.

FT Vest Rising Dividend Achievers Target Income ETF Profile

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.