FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Sets New 12-Month High – Should You Buy?

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $27.80 and last traded at $27.77, with a volume of 54944 shares traded. The stock had previously closed at $27.44.

FT Vest Rising Dividend Achievers Target Income ETF Stock Up 1.3%

The stock has a fifty day moving average of $26.74 and a 200-day moving average of $26.62. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03.

Hedge Funds Weigh In On FT Vest Rising Dividend Achievers Target Income ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Archer Investment Corp boosted its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 47.8% in the first quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock valued at $30,000 after purchasing an additional 385 shares in the last quarter. Parallel Advisors LLC acquired a new position in FT Vest Rising Dividend Achievers Target Income ETF in the third quarter valued at approximately $38,000. US Bancorp DE acquired a new position in FT Vest Rising Dividend Achievers Target Income ETF in the third quarter valued at approximately $57,000. IMG Wealth Management Inc. boosted its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 21.2% in the first quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock valued at $59,000 after purchasing an additional 404 shares in the last quarter. Finally, Topsail Wealth Management LLC acquired a new position in FT Vest Rising Dividend Achievers Target Income ETF in the fourth quarter valued at approximately $66,000.

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.