FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Shares Break Above Fifty Day Moving Average – What’s Next?

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) shares crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty 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 traded.

FT Vest Rising Dividend Achievers Target Income ETF Trading Up 1.6%

The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03. The company has a fifty day moving average price of $28.40 and a 200-day moving average price of $27.89.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its position in FT Vest Rising Dividend Achievers Target Income ETF by 13.6% in the 1st quarter. Royal Bank of Canada now owns 2,478,696 shares of the company’s stock worth $63,331,000 after purchasing an additional 296,590 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 15.4% during the 1st quarter. Cetera Investment Advisers now owns 2,448,107 shares of the company’s stock worth $62,549,000 after purchasing an additional 326,378 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 2.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 2,121,503 shares of the company’s stock worth $59,147,000 after purchasing an additional 41,112 shares during the period. Kestra Advisory Services LLC increased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 18.0% during the 3rd quarter. Kestra Advisory Services LLC now owns 1,625,541 shares of the company’s stock valued at $45,320,000 after purchasing an additional 247,926 shares in the last quarter. Finally, Baird Financial Group Inc. increased its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 6.5% during the 2nd quarter. Baird Financial Group Inc. now owns 1,253,958 shares of the company’s stock valued at $36,866,000 after purchasing an additional 76,194 shares in the last quarter.

About FT Vest Rising Dividend Achievers Target Income ETF

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.