Moors & Cabot Inc. Makes New $247,000 Investment in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)

Moors & Cabot Inc. purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 10,580 shares of the company’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC lifted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 16.1% in the 2nd quarter. LPL Financial LLC now owns 4,532,557 shares of the company’s stock valued at $105,971,000 after purchasing an additional 629,409 shares during the last quarter. Envestnet Asset Management Inc. lifted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 6.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 1,578,744 shares of the company’s stock valued at $36,911,000 after purchasing an additional 89,506 shares during the last quarter. Osaic Holdings Inc. lifted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 44.4% in the 1st quarter. Osaic Holdings Inc. now owns 1,406,462 shares of the company’s stock valued at $34,234,000 after purchasing an additional 432,454 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 16.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 1,265,167 shares of the company’s stock valued at $29,580,000 after purchasing an additional 176,144 shares during the last quarter. Finally, Global Assets Advisory LLC lifted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 2,333.0% in the 1st quarter. Global Assets Advisory LLC now owns 886,829 shares of the company’s stock valued at $21,710,000 after purchasing an additional 850,379 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

RDVI stock opened at $24.61 on Friday. The company’s 50-day simple moving average is $24.03 and its two-hundred day simple moving average is $23.78. The company has a market capitalization of $1.02 billion, a P/E ratio of 9.92 and a beta of 0.79.

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.