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

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

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

The company has a market capitalization of $2.43 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03. The stock has a 50 day moving average price of $27.86 and a two-hundred day moving average price of $27.10.

Institutional Investors Weigh In On FT Vest Rising Dividend Achievers Target Income ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDVI. Archer Investment Corp grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 47.8% during 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 during the last quarter. Parallel Advisors LLC bought a new position in FT Vest Rising Dividend Achievers Target Income ETF in the 3rd quarter worth approximately $38,000. US Bancorp DE acquired a new position in FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter worth $57,000. IMG Wealth Management Inc. lifted its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 21.2% during the 1st quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock worth $59,000 after buying 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 during the 4th quarter worth $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.