FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Reaches New 12-Month High – Should You Buy?

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

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

The stock’s fifty day moving average price is $27.33 and its 200-day moving average price is $26.85. The firm has a market cap of $2.40 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 hedge funds have recently bought and sold shares of the business. Bison Wealth LLC lifted its position in FT Vest Rising Dividend Achievers Target Income ETF by 20.6% during the fourth quarter. Bison Wealth LLC now owns 18,580 shares of the company’s stock worth $450,000 after buying an additional 3,180 shares in the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF in the 1st quarter worth $2,354,000. Jane Street Group LLC increased its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 215.9% in the 1st quarter. Jane Street Group LLC now owns 110,807 shares of the company’s stock worth $2,628,000 after acquiring an additional 75,734 shares during the last quarter. First Trust Advisors LP purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 2nd quarter worth $686,000. Finally, Cresset Asset Management LLC purchased a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 2nd quarter worth $227,000.

About FT Vest Rising Dividend Achievers Target Income ETF

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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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