FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Hits New 1-Year High – Here’s What Happened

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

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03. The stock’s 50-day moving average is $29.05 and its 200 day moving average is $27.66.

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

A number of large investors have recently modified their holdings of the business. Bison Wealth LLC lifted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 20.6% in the 4th quarter. Bison Wealth LLC now owns 18,580 shares of the company’s stock valued at $450,000 after buying an additional 3,180 shares during the period. Goldman Sachs Group Inc. purchased a new position in FT Vest Rising Dividend Achievers Target Income ETF in the first quarter worth $2,354,000. Jane Street Group LLC raised its position in FT Vest Rising Dividend Achievers Target Income ETF by 215.9% in the first quarter. Jane Street Group LLC now owns 110,807 shares of the company’s stock worth $2,628,000 after acquiring an additional 75,734 shares in the last quarter. First Trust Advisors LP acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the second quarter valued at $686,000. Finally, Cresset Asset Management LLC acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the second quarter valued at $227,000.

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.