FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Hits New 12-Month High – Still a Buy?

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)’s stock price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $29.19 and last traded at $29.13, with a volume of 167401 shares trading hands. The stock had previously closed at $28.86.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

The company has a market capitalization of $2.41 billion, a PE ratio of 16.57 and a beta of 1.03. The firm has a fifty day simple moving average of $27.78 and a 200 day simple moving average of $27.05.

Institutional Trading of FT Vest Rising Dividend Achievers Target Income ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. Western Wealth Management LLC increased its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 21.4% in the first quarter. Western Wealth Management LLC now owns 71,580 shares of the company’s stock valued at $1,829,000 after buying an additional 12,616 shares in the last quarter. Pine Valley Investments Ltd Liability Co boosted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 10.3% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 17,384 shares of the company’s stock worth $444,000 after buying an additional 1,627 shares during the last quarter. Fischer Investment Strategies LLC acquired a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the first quarter worth about $1,870,000. Parallel Advisors LLC grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 117.5% in the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $84,000 after acquiring an additional 1,782 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 17.0% during the first quarter. NewEdge Advisors LLC now owns 222,736 shares of the company’s stock valued at $5,691,000 after acquiring an additional 32,399 shares during the last quarter.

About FT Vest Rising Dividend Achievers Target Income ETF

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.