Moors & Cabot Inc. Increases Stock Position in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)

Moors & Cabot Inc. increased its position in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 40.7% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 14,883 shares of the company’s stock after buying an additional 4,303 shares during the period. Moors & Cabot Inc.’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $367,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LPL Financial LLC grew its stake in FT Vest Rising Dividend Achievers Target Income ETF by 16.1% during the second quarter. LPL Financial LLC now owns 4,532,557 shares of the company’s stock worth $105,971,000 after buying an additional 629,409 shares during the period. Envestnet Asset Management Inc. boosted its position in FT Vest Rising Dividend Achievers Target Income ETF by 6.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 1,578,744 shares of the company’s stock worth $36,911,000 after purchasing an additional 89,506 shares during the period. Commonwealth Equity Services LLC increased its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 17.5% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,486,750 shares of the company’s stock valued at $36,634,000 after purchasing an additional 221,583 shares in the last quarter. Truist Financial Corp raised its position in FT Vest Rising Dividend Achievers Target Income ETF by 7.0% in the second quarter. Truist Financial Corp now owns 1,110,699 shares of the company’s stock valued at $25,968,000 after purchasing an additional 72,881 shares during the period. Finally, Cetera Investment Advisers lifted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 13.9% during the second quarter. Cetera Investment Advisers now owns 893,406 shares of the company’s stock worth $20,888,000 after purchasing an additional 108,991 shares in the last quarter.

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

RDVI stock opened at $26.12 on Friday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 9.92 and a beta of 0.79. The company has a 50-day moving average of $24.98 and a 200-day moving average of $24.18.

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.