Arax Advisory Partners Purchases New Position in FT Vest Technology Dividend Target Income ETF $TDVI

Arax Advisory Partners purchased a new stake in FT Vest Technology Dividend Target Income ETF (BATS:TDVI) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 54,893 shares of the company’s stock, valued at approximately $1,523,000. Arax Advisory Partners owned 0.55% of FT Vest Technology Dividend Target Income ETF at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. LPL Financial LLC raised its position in shares of FT Vest Technology Dividend Target Income ETF by 44.2% in the 4th quarter. LPL Financial LLC now owns 406,776 shares of the company’s stock valued at $11,284,000 after acquiring an additional 124,781 shares during the period. Raymond James Financial Inc. raised its position in shares of FT Vest Technology Dividend Target Income ETF by 1,142,256.5% in the 3rd quarter. Raymond James Financial Inc. now owns 262,742 shares of the company’s stock valued at $7,528,000 after acquiring an additional 262,719 shares during the period. Envestnet Asset Management Inc. raised its position in shares of FT Vest Technology Dividend Target Income ETF by 8.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 187,650 shares of the company’s stock valued at $5,376,000 after acquiring an additional 14,144 shares during the period. Stifel Financial Corp raised its position in shares of FT Vest Technology Dividend Target Income ETF by 665.9% in the 4th quarter. Stifel Financial Corp now owns 180,299 shares of the company’s stock valued at $5,001,000 after acquiring an additional 156,759 shares during the period. Finally, Sequent Planning LLC acquired a new stake in shares of FT Vest Technology Dividend Target Income ETF in the 4th quarter valued at approximately $2,344,000.

FT Vest Technology Dividend Target Income ETF Price Performance

Shares of BATS:TDVI opened at $33.07 on Tuesday. The company has a market capitalization of $125.67 million, a price-to-earnings ratio of 25.63 and a beta of 1.18. The firm’s 50 day simple moving average is $30.87 and its 200 day simple moving average is $28.93. FT Vest Technology Dividend Target Income ETF has a fifty-two week low of $25.63 and a fifty-two week high of $35.57.

About FT Vest Technology Dividend Target Income ETF

The FT Vest Technology Dividend Target Income ETF (TDVI) is an exchange-traded fund that mostly invests in information technology equity. TVDI is an actively managed fund that seeks to provide a target level of current income and capital appreciation by holding a portfolio of dividend-paying US technology companies. The fund also utilizes a naked call writing option strategy on the Nasdaq 100 Index (NDX) and/or the S&P 500 Index (SPX) or related ETFs. TDVI was launched on Aug 9, 2023 and is issued by First Trust.