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

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as $27.80 and last traded at $27.77, with a volume of 54944 shares traded. The stock had previously closed at $27.44.

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

The firm has a market capitalization of $2.30 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 $26.74 and a 200 day moving average price of $26.62.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raab & Moskowitz Asset Management LLC grew its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 10.7% during the first quarter. Raab & Moskowitz Asset Management LLC now owns 41,025 shares of the company’s stock worth $1,048,000 after buying an additional 3,950 shares in the last quarter. Western Wealth Management LLC grew its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 21.4% during the first quarter. Western Wealth Management LLC now owns 71,580 shares of the company’s stock worth $1,829,000 after buying an additional 12,616 shares in the last quarter. Arkadios Wealth Advisors grew its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 12.2% during the first quarter. Arkadios Wealth Advisors now owns 120,920 shares of the company’s stock worth $3,089,000 after buying an additional 13,139 shares in the last quarter. Sunbelt Securities Inc. grew its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 31.7% during the first quarter. Sunbelt Securities Inc. now owns 46,817 shares of the company’s stock worth $1,196,000 after buying an additional 11,280 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 12.6% during the first quarter. EverSource Wealth Advisors LLC now owns 44,025 shares of the company’s stock worth $1,125,000 after buying an additional 4,924 shares in the last quarter.

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.