Wells Fargo & Company MN Increases Stock Holdings in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)

Wells Fargo & Company MN lifted its position in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 118.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,596,451 shares of the company’s stock after purchasing an additional 864,926 shares during the period. Wells Fargo & Company MN’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $38,698,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Orion Portfolio Solutions LLC bought a new position in FT Vest Rising Dividend Achievers Target Income ETF during the third quarter valued at approximately $241,000. MML Investors Services LLC grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 39.4% during the third quarter. MML Investors Services LLC now owns 72,939 shares of the company’s stock valued at $1,797,000 after acquiring an additional 20,599 shares during the last quarter. Sunbelt Securities Inc. grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 231.1% during the third quarter. Sunbelt Securities Inc. now owns 9,990 shares of the company’s stock valued at $246,000 after acquiring an additional 6,973 shares during the last quarter. Sanctuary Advisors LLC grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 20.7% during the third quarter. Sanctuary Advisors LLC now owns 67,712 shares of the company’s stock valued at $1,769,000 after acquiring an additional 11,626 shares during the last quarter. Finally, Garden State Investment Advisory Services LLC grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 6.0% during the third quarter. Garden State Investment Advisory Services LLC now owns 36,695 shares of the company’s stock valued at $904,000 after acquiring an additional 2,065 shares during the last quarter.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

Shares of BATS RDVI opened at $21.89 on Friday. FT Vest Rising Dividend Achievers Target Income ETF has a one year low of $20.43 and a one year high of $26.50. The stock has a market capitalization of $1.65 billion, a P/E ratio of 14.88 and a beta of 1.08. The firm’s 50 day simple moving average is $24.04 and its two-hundred day simple moving average is $24.73.

FT Vest Rising Dividend Achievers Target Income ETF Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.174 dividend. This is a boost from FT Vest Rising Dividend Achievers Target Income ETF’s previous dividend of $0.16. The ex-dividend date was Thursday, March 27th.

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.