FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Hits New 1-Year High – Still a Buy?

Shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVIGet Free Report) hit a new 52-week high during trading on Tuesday . The stock 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 Down 0.4%

The stock has a fifty day moving average of $26.82 and a two-hundred day moving average of $26.65. The stock has a market cap of $2.27 billion, a price-to-earnings ratio of 16.57 and a beta of 1.03.

Institutional Trading of FT Vest Rising Dividend Achievers Target Income ETF

Several large investors have recently bought and sold shares of the company. Archer Investment Corp lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 47.8% during the first quarter. Archer Investment Corp now owns 1,191 shares of the company’s stock worth $30,000 after purchasing an additional 385 shares in the last quarter. Parallel Advisors LLC purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter worth $38,000. US Bancorp DE purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter worth $57,000. IMG Wealth Management Inc. lifted its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 21.2% in the 1st quarter. IMG Wealth Management Inc. now owns 2,312 shares of the company’s stock worth $59,000 after buying an additional 404 shares in the last quarter. Finally, Topsail Wealth Management LLC acquired a new position in FT Vest Rising Dividend Achievers Target Income ETF in the 4th quarter worth $66,000.

About FT Vest Rising Dividend Achievers Target Income ETF

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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.

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