FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Reaches New 52-Week High – What’s Next?

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)’s stock price hit a new 52-week high during trading on Tuesday . The stock traded as high as $28.20 and last traded at $28.20, with a volume of 24537 shares traded. The stock had previously closed at $27.70.

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

The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03. The company has a 50 day simple moving average of $27.22 and a 200 day simple moving average of $26.80.

Institutional Investors 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 company. LPL Financial LLC increased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 8.2% in the fourth quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock worth $263,336,000 after acquiring an additional 762,029 shares in the last quarter. Arax Advisory Partners acquired a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF in the fourth quarter worth $19,131,000. Osaic Holdings Inc. increased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 41.4% in the fourth quarter. Osaic Holdings Inc. now owns 2,094,153 shares of the company’s stock worth $54,955,000 after acquiring an additional 613,273 shares in the last quarter. Raymond James Financial Inc. increased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 16.0% in the third quarter. Raymond James Financial Inc. now owns 3,003,567 shares of the company’s stock worth $77,642,000 after acquiring an additional 414,227 shares in the last quarter. Finally, Cetera Investment Advisers increased its position 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 acquiring an additional 326,378 shares in 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.