Independent Wealth Network Inc. Raises Stake in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)

Independent Wealth Network Inc. grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 26.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,914 shares of the company’s stock after buying an additional 3,574 shares during the period. Independent Wealth Network Inc.’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $401,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thrivent Financial for Lutherans increased its position in FT Vest Rising Dividend Achievers Target Income ETF by 7.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 29,919 shares of the company’s stock worth $725,000 after purchasing an additional 1,972 shares during the last quarter. Sandy Spring Bank increased its position in FT Vest Rising Dividend Achievers Target Income ETF by 0.8% in the fourth quarter. Sandy Spring Bank now owns 56,003 shares of the company’s stock worth $1,358,000 after purchasing an additional 470 shares during the last quarter. Atlas Wealth LLC increased its position in FT Vest Rising Dividend Achievers Target Income ETF by 62.5% in the fourth quarter. Atlas Wealth LLC now owns 122,679 shares of the company’s stock worth $2,974,000 after purchasing an additional 47,203 shares during the last quarter. LPL Financial LLC increased its position in FT Vest Rising Dividend Achievers Target Income ETF by 12.4% in the fourth quarter. LPL Financial LLC now owns 5,976,770 shares of the company’s stock worth $144,877,000 after purchasing an additional 657,819 shares during the last quarter. Finally, Tyler Stone Wealth Management increased its position in FT Vest Rising Dividend Achievers Target Income ETF by 29.1% in the fourth quarter. Tyler Stone Wealth Management now owns 25,426 shares of the company’s stock worth $616,000 after purchasing an additional 5,730 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

Shares of RDVI opened at $24.79 on Friday. The company’s fifty day moving average is $24.36 and its 200 day moving average is $24.13. FT Vest Rising Dividend Achievers Target Income ETF has a fifty-two week low of $20.43 and a fifty-two week high of $26.50. The stock has a market capitalization of $2.05 billion, a PE ratio of 16.57 and a beta of 1.03.

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.