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

Shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVIGet Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $29.18 and last traded at $29.00, with a volume of 76205 shares traded. The stock had previously closed at $28.66.

FT Vest Rising Dividend Achievers Target Income ETF Trading Up 1.2%

The firm has a market capitalization of $2.40 billion, a PE ratio of 16.57 and a beta of 1.03. The firm’s fifty day moving average price is $27.33 and its 200 day moving average price is $26.85.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Archer Investment Corp raised its position in 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 acquiring an additional 385 shares in the last quarter. Parallel Advisors LLC purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth $38,000. US Bancorp DE purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the third quarter worth $57,000. IMG Wealth Management Inc. grew its position in FT Vest Rising Dividend Achievers Target Income ETF by 21.2% during the first quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock valued at $59,000 after buying an additional 404 shares during the period. Finally, Topsail Wealth Management LLC purchased a new position in FT Vest Rising Dividend Achievers Target Income ETF in the fourth quarter valued at $66,000.

FT Vest Rising Dividend Achievers Target Income ETF Company Profile

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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.

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