Echo Wealth Management LLC Sells 28,039 Shares of FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Echo Wealth Management LLC trimmed its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 8.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 307,166 shares of the company’s stock after selling 28,039 shares during the quarter. FT Vest Rising Dividend Achievers Target Income ETF accounts for about 4.5% of Echo Wealth Management LLC’s portfolio, making the stock its 7th largest position. Echo Wealth Management LLC owned 0.37% of FT Vest Rising Dividend Achievers Target Income ETF worth $7,848,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in RDVI. Bison Wealth LLC raised its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 20.6% during the fourth quarter. Bison Wealth LLC now owns 18,580 shares of the company’s stock valued at $450,000 after acquiring an additional 3,180 shares during the last quarter. Goldman Sachs Group Inc. bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF in the first quarter worth $2,354,000. Jane Street Group LLC grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 215.9% in the first quarter. Jane Street Group LLC now owns 110,807 shares of the company’s stock worth $2,628,000 after purchasing an additional 75,734 shares during the last quarter. First Trust Advisors LP acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the second quarter valued at $686,000. Finally, Cresset Asset Management LLC acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the second quarter valued at $227,000.

FT Vest Rising Dividend Achievers Target Income ETF Stock Down 0.4%

Shares of BATS:RDVI opened at $28.86 on Friday. The firm has a market cap of $2.38 billion, a P/E ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a 12-month low of $24.21 and a 12-month high of $29.18. The business has a fifty day simple moving average of $27.78 and a 200 day simple moving average of $27.05.

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.