Gladstone Institutional Advisory LLC Reduces Holdings in FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)

Gladstone Institutional Advisory LLC trimmed its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) by 23.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,321 shares of the company’s stock after selling 10,277 shares during the period. Gladstone Institutional Advisory LLC owned about 0.08% of FT Vest Rising Dividend Achievers Target Income ETF worth $808,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Global Trust Asset Management LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 4th quarter worth approximately $34,000. Larson Financial Group LLC boosted its position in FT Vest Rising Dividend Achievers Target Income ETF by 100.3% during the third quarter. Larson Financial Group LLC now owns 1,783 shares of the company’s stock worth $44,000 after acquiring an additional 893 shares during the last quarter. Elevation Wealth Partners LLC acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the fourth quarter worth approximately $50,000. Blue Trust Inc. acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth approximately $52,000. Finally, Geneos Wealth Management Inc. acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the fourth quarter worth approximately $52,000.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

Shares of BATS RDVI opened at $25.26 on Friday. The stock’s 50-day moving average price is $24.98 and its 200 day moving average price is $24.78. The firm has a market capitalization 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 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.