Marshall Investment Management LLC Purchases New Stake in FT Vest Rising Dividend Achievers Target Income ETF $RDVI

Marshall Investment Management LLC acquired a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,090 shares of the company’s stock, valued at approximately $519,000.

Other hedge funds have also added to or reduced their stakes in the company. Total Clarity Wealth Management Inc. grew its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 2.6% during the 3rd quarter. Total Clarity Wealth Management Inc. now owns 16,727 shares of the company’s stock valued at $432,000 after acquiring an additional 422 shares during the period. Ausdal Financial Partners Inc. raised its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 0.7% in the 3rd quarter. Ausdal Financial Partners Inc. now owns 65,095 shares of the company’s stock worth $1,683,000 after purchasing an additional 439 shares during the period. Cornerstone Wealth Management LLC raised its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 5.2% in the 3rd quarter. Cornerstone Wealth Management LLC now owns 9,395 shares of the company’s stock worth $243,000 after purchasing an additional 462 shares during the period. Geneos Wealth Management Inc. lifted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 18.8% in the second 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 during the last quarter. Finally, Faithward Advisors LLC lifted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 3.3% in the second quarter. Faithward Advisors LLC now owns 17,859 shares of the company’s stock valued at $441,000 after purchasing an additional 576 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Trading Up 0.9%

Shares of BATS RDVI opened at $25.83 on Tuesday. The stock has a fifty day simple moving average of $26.98 and a two-hundred day simple moving average of $26.24. FT Vest Rising Dividend Achievers Target Income ETF has a 1-year low of $20.43 and a 1-year high of $27.57. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03.

FT Vest Rising Dividend Achievers Target Income ETF Cuts Dividend

The company also recently declared a monthly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 20th were paid a dividend of $0.1918 per share. The ex-dividend date was Friday, February 20th. This represents a c) annualized dividend and a dividend yield of 8.9%.

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.