Independent Financial Group LLC Buys Shares of 167,085 FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Independent Financial Group LLC bought a new position in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) in the first quarter, Holdings Channel reports. The institutional investor bought 167,085 shares of the company’s stock, valued at approximately $4,269,000.

Other institutional investors have also modified their holdings of the company. Archer Investment Corp boosted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 47.8% during the 1st quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock valued at $30,000 after acquiring an additional 385 shares during the last quarter. Parallel Advisors LLC acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth about $38,000. US Bancorp DE acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth about $57,000. Topsail Wealth Management LLC purchased a new position in FT Vest Rising Dividend Achievers Target Income ETF during the fourth quarter worth about $66,000. Finally, Allworth Financial LP raised its stake in FT Vest Rising Dividend Achievers Target Income ETF by 113.2% during the fourth quarter. Allworth Financial LP now owns 2,543 shares of the company’s stock worth $67,000 after purchasing an additional 1,350 shares during the period.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

BATS:RDVI opened at $29.00 on Friday. The company’s 50-day moving average is $28.26 and its two-hundred day moving average is $27.32. FT Vest Rising Dividend Achievers Target Income ETF has a 1-year low of $24.21 and a 1-year high of $29.47. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03.

About FT Vest Rising Dividend Achievers Target Income ETF

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.