FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Stock Breaks Above 200-Day Moving Average – Here’s Why

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)’s stock price crossed above its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of $27.86 and traded as high as $28.04. FT Vest Rising Dividend Achievers Target Income ETF shares last traded at $27.94, with a volume of 1,731,019 shares traded.

FT Vest Rising Dividend Achievers Target Income ETF Trading Up 0.2%

The stock has a market capitalization of $2.31 billion, a PE ratio of 16.57 and a beta of 1.03. The firm has a 50 day moving average of $28.50 and a two-hundred day moving average of $27.87.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in RDVI. Royal Bank of Canada raised its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 13.6% during the 1st quarter. Royal Bank of Canada now owns 2,478,696 shares of the company’s stock worth $63,331,000 after buying an additional 296,590 shares during the last quarter. Cetera Investment Advisers grew its stake in FT Vest Rising Dividend Achievers Target Income ETF by 15.4% in the 1st quarter. Cetera Investment Advisers now owns 2,448,107 shares of the company’s stock valued at $62,549,000 after acquiring an additional 326,378 shares during the last quarter. Baird Financial Group Inc. grew its stake in FT Vest Rising Dividend Achievers Target Income ETF by 6.5% in the 2nd quarter. Baird Financial Group Inc. now owns 1,253,958 shares of the company’s stock valued at $36,866,000 after acquiring an additional 76,194 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 24.7% during the 1st quarter. Kestra Advisory Services LLC now owns 1,259,725 shares of the company’s stock valued at $32,186,000 after acquiring an additional 249,373 shares in the last quarter. Finally, Pinnacle Associates Ltd. increased its holdings in FT Vest Rising Dividend Achievers Target Income ETF by 0.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 856,465 shares of the company’s stock valued at $23,878,000 after acquiring an additional 3,712 shares in the last quarter.

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.