FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Hits New 52-Week High – Should You Buy?

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $27.75 and last traded at $27.68, with a volume of 56804 shares traded. The stock had previously closed at $27.41.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

The company’s 50 day simple moving average is $26.59 and its 200 day simple moving average is $26.49. The stock has a market cap of $2.26 billion, a PE ratio of 16.57 and a beta of 1.03.

Institutional Trading of FT Vest Rising Dividend Achievers Target Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of RDVI. Stratos Wealth Partners LTD. boosted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 42.8% in the 4th quarter. Stratos Wealth Partners LTD. now owns 252,624 shares of the company’s stock worth $6,629,000 after buying an additional 75,674 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 50.5% during the third quarter. Envestnet Asset Management Inc. now owns 923,088 shares of the company’s stock worth $23,862,000 after buying an additional 309,852 shares during the last quarter. Argent Advisors Inc. increased its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 5.1% during the third quarter. Argent Advisors Inc. now owns 406,424 shares of the company’s stock worth $10,506,000 after buying an additional 19,723 shares during the last quarter. Adamsbrown Wealth Consultants LLC raised its position in FT Vest Rising Dividend Achievers Target Income ETF by 10.0% in the third quarter. Adamsbrown Wealth Consultants LLC now owns 595,337 shares of the company’s stock worth $15,389,000 after acquiring an additional 54,333 shares during the period. Finally, Savvy Advisors Inc. purchased a new position in FT Vest Rising Dividend Achievers Target Income ETF in the fourth quarter valued at about $1,185,000.

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.