Garden State Investment Advisory Services LLC Cuts Stake in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)

Garden State Investment Advisory Services LLC cut its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 5.2% in the 4th quarter, Holdings Channel.com reports. The fund owned 34,780 shares of the company’s stock after selling 1,915 shares during the period. Garden State Investment Advisory Services LLC’s holdings in FT Vest Rising Dividend Achievers Target Income ETF were worth $843,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. IMG Wealth Management Inc. purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the 4th quarter valued at $28,000. Global Trust Asset Management LLC bought a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the fourth quarter valued at $34,000. Elevation Wealth Partners LLC purchased a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the fourth quarter valued at $50,000. Geneos Wealth Management Inc. bought a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the 4th quarter worth about $52,000. Finally, Kestra Investment Management LLC bought a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the 4th quarter worth about $61,000.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

RDVI opened at $22.44 on Wednesday. The company’s 50-day simple moving average is $23.86 and its two-hundred day simple moving average is $24.69. The stock has a market capitalization of $1.72 billion, a P/E ratio of 13.95 and a beta of 1.04. FT Vest Rising Dividend Achievers Target Income ETF has a 52-week low of $20.43 and a 52-week high of $26.50.

FT Vest Rising Dividend Achievers Target Income ETF Increases Dividend

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

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.