FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Sets New 52-Week High – Here’s What Happened

Shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $29.19 and last traded at $29.13, with a volume of 167401 shares traded. The stock had previously closed at $28.86.

FT Vest Rising Dividend Achievers Target Income ETF Trading Up 1.1%

The stock has a market cap of $2.41 billion, a P/E ratio of 16.57 and a beta of 1.03. The company’s 50-day simple moving average is $27.78 and its 200 day simple moving average is $27.05.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Bison Wealth LLC boosted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 20.6% during the 4th quarter. Bison Wealth LLC now owns 18,580 shares of the company’s stock valued at $450,000 after buying an additional 3,180 shares in the last quarter. Goldman Sachs Group Inc. bought a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the first quarter valued at about $2,354,000. Jane Street Group LLC boosted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 215.9% in the first quarter. Jane Street Group LLC now owns 110,807 shares of the company’s stock worth $2,628,000 after purchasing an additional 75,734 shares during the period. First Trust Advisors LP bought a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF in the second quarter worth about $686,000. Finally, Cresset Asset Management LLC bought a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the second quarter worth $227,000.

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.