646,003 Shares in FT Vest Rising Dividend Achievers Target Income ETF $RDVI Acquired by Merit Financial Group LLC

Merit Financial Group LLC bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 646,003 shares of the company’s stock, valued at approximately $16,699,000. Merit Financial Group LLC owned 0.78% of FT Vest Rising Dividend Achievers Target Income ETF at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the second quarter valued at $40,000. IMG Wealth Management Inc. lifted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 31.4% in the second quarter. IMG Wealth Management Inc. now owns 2,253 shares of the company’s stock worth $56,000 after buying an additional 538 shares in the last quarter. Hazlett Burt & Watson Inc. boosted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 60.4% in the second quarter. Hazlett Burt & Watson Inc. now owns 2,874 shares of the company’s stock valued at $70,000 after acquiring an additional 1,082 shares during the period. Geneos Wealth Management Inc. grew its position in shares of 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 valued at $75,000 after purchasing an additional 482 shares in the last quarter. Finally, Barrett & Company Inc. purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 2nd quarter valued at $120,000.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

Shares of RDVI stock opened at $26.47 on Wednesday. The company has a market capitalization of $2.19 billion, a PE ratio of 16.57 and a beta of 1.03. FT Vest Rising Dividend Achievers Target Income ETF has a 52-week low of $20.43 and a 52-week high of $26.50. The business’s fifty day moving average is $25.93 and its 200 day moving average is $25.45.

FT Vest Rising Dividend Achievers Target Income ETF Announces Dividend

The firm also recently declared a monthly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 21st were issued a $0.1785 dividend. The ex-dividend date of this dividend was Friday, November 21st. This represents a c) annualized dividend and a dividend yield of 8.1%.

FT Vest Rising Dividend Achievers Target Income ETF Company 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.