FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI – Get Free Report) crossed above its 50 day moving average during trading on Wednesday. The stock has a 50 day moving average of $28.40 and traded as high as $28.70. FT Vest Rising Dividend Achievers Target Income ETF shares last traded at $28.68, with a volume of 1,098,852 shares changing hands.
FT Vest Rising Dividend Achievers Target Income ETF Stock Performance
The company has a fifty day simple moving average of $28.40 and a two-hundred day simple moving average of $27.89. The firm has a market capitalization of $2.37 billion, a PE ratio of 16.57 and a beta of 1.03.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in RDVI. RFG Advisory LLC lifted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 13.9% during the 2nd quarter. RFG Advisory LLC now owns 257,160 shares of the company’s stock valued at $7,560,000 after purchasing an additional 31,358 shares during the last quarter. NewEdge Advisors LLC grew its stake in FT Vest Rising Dividend Achievers Target Income ETF by 25.7% during the 2nd quarter. NewEdge Advisors LLC now owns 279,969 shares of the company’s stock worth $8,231,000 after buying an additional 57,233 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in FT Vest Rising Dividend Achievers Target Income ETF by 6.4% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 616,804 shares of the company’s stock valued at $18,134,000 after buying an additional 37,211 shares in the last quarter. Bullseye Investment Management LLC acquired a new position in FT Vest Rising Dividend Achievers Target Income ETF during the 2nd quarter valued at about $17,907,000. Finally, Coppell Advisory Solutions LLC purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF in the second quarter valued at about $50,000.
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.
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