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

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $29.18 and last traded at $29.00, with a volume of 76205 shares trading hands. The stock had previously closed at $28.66.

FT Vest Rising Dividend Achievers Target Income ETF Trading Down 0.3%

The stock has a 50 day simple moving average of $27.46 and a 200-day simple moving average of $26.89. The firm has a market capitalization of $2.38 billion, a P/E ratio of 16.57 and a beta of 1.03.

Institutional Investors Weigh In On FT Vest Rising Dividend Achievers Target Income ETF

A number of large investors have recently made changes to their positions in RDVI. Archer Investment Corp grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 47.8% during the 1st quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock valued at $30,000 after purchasing an additional 385 shares during the period. Parallel Advisors LLC bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter valued at about $38,000. US Bancorp DE bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter valued at about $57,000. IMG Wealth Management Inc. grew its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 21.2% during the 1st quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock valued at $59,000 after purchasing an additional 404 shares during the period. Finally, Topsail Wealth Management LLC bought a new position in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 4th quarter valued at approximately $66,000.

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.