FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Hits New 1-Year High – Time to Buy?

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)’s share price hit a new 52-week high during trading on Thursday . The stock traded as high as $30.08 and last traded at $29.93, with a volume of 97429 shares changing hands. The stock had previously closed at $29.97.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

The stock has a 50-day moving average of $28.96 and a two-hundred day moving average of $27.62. The company has a market cap of $2.47 billion, a P/E ratio of 16.57 and a beta of 1.03.

Institutional Investors Weigh In On FT Vest Rising Dividend Achievers Target Income ETF

Hedge funds have recently made changes to their positions in the business. LPL Financial LLC grew its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 8.2% during the 4th quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock valued at $263,336,000 after purchasing an additional 762,029 shares during the last quarter. Raymond James Financial Inc. boosted its position in FT Vest Rising Dividend Achievers Target Income ETF by 16.0% during the third quarter. Raymond James Financial Inc. now owns 3,003,567 shares of the company’s stock valued at $77,642,000 after buying an additional 414,227 shares during the period. Wells Fargo & Company MN grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 11.1% during the fourth quarter. Wells Fargo & Company MN now owns 2,928,956 shares of the company’s stock valued at $76,856,000 after buying an additional 291,563 shares during the last quarter. Royal Bank of Canada grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 13.6% during the first quarter. Royal Bank of Canada now owns 2,478,696 shares of the company’s stock valued at $63,331,000 after buying an additional 296,590 shares during the last quarter. Finally, Cetera Investment Advisers increased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 15.4% in the first quarter. Cetera Investment Advisers now owns 2,448,107 shares of the company’s stock worth $62,549,000 after buying an additional 326,378 shares during the period.

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. RDVI was launched on Oct 19, 2022 and is managed by First Trust.