Independent Wealth Network Inc. Has $323,000 Position in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)

Independent Wealth Network Inc. lifted its holdings in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 26.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 13,340 shares of the company’s stock after acquiring an additional 2,752 shares during the quarter. Independent Wealth Network Inc.’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $323,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of RDVI. Janney Montgomery Scott LLC raised its position in FT Vest Rising Dividend Achievers Target Income ETF by 27.8% during the fourth quarter. Janney Montgomery Scott LLC now owns 531,073 shares of the company’s stock valued at $12,873,000 after acquiring an additional 115,477 shares in the last quarter. Global Trust Asset Management LLC acquired a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 4th quarter worth $34,000. Trueblood Wealth Management LLC raised its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 11.4% during the 4th quarter. Trueblood Wealth Management LLC now owns 98,308 shares of the company’s stock valued at $2,383,000 after purchasing an additional 10,031 shares in the last quarter. Ameritas Advisory Services LLC lifted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 7.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 54,182 shares of the company’s stock valued at $1,313,000 after purchasing an additional 3,587 shares during the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 5.7% in the 4th quarter. Arkadios Wealth Advisors now owns 30,824 shares of the company’s stock valued at $747,000 after purchasing an additional 1,667 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

Shares of BATS RDVI opened at $25.46 on Thursday. The firm’s 50 day moving average is $25.17 and its 200-day moving average is $24.64. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 9.92 and a beta of 0.79.

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.