FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Reaches New 52-Week High – Still a Buy?

Shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) hit a new 52-week high during trading on Tuesday . The company traded as high as $28.20 and last traded at $28.20, with a volume of 24537 shares traded. The stock had previously closed at $27.70.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

The business’s 50 day moving average is $27.10 and its 200 day moving average is $26.76. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Pine Valley Investments Ltd Liability Co grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 10.3% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 17,384 shares of the company’s stock worth $444,000 after purchasing an additional 1,627 shares in the last quarter. Fischer Investment Strategies LLC acquired a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the first quarter worth $1,870,000. Parallel Advisors LLC grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 117.5% during the first quarter. Parallel Advisors LLC now owns 3,299 shares of the company’s stock worth $84,000 after purchasing an additional 1,782 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 17.0% during the first quarter. NewEdge Advisors LLC now owns 222,736 shares of the company’s stock worth $5,691,000 after purchasing an additional 32,399 shares in the last quarter. Finally, Cozad Asset Management Inc. grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 2.1% during the first quarter. Cozad Asset Management Inc. now owns 17,965 shares of the company’s stock worth $459,000 after purchasing an additional 369 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.