FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Stock Price Crosses Below Fifty Day Moving Average – What’s Next?

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)’s stock price passed below its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $28.26 and traded as low as $28.18. FT Vest Rising Dividend Achievers Target Income ETF shares last traded at $28.20, with a volume of 715,330 shares trading hands.

FT Vest Rising Dividend Achievers Target Income ETF Stock Down 0.7%

The company’s fifty day moving average price is $28.26 and its two-hundred day moving average price is $27.92. The company has a market cap of $3.87 billion, a price-to-earnings ratio of 15.75 and a beta of 0.90.

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

A number of hedge funds have recently modified their holdings of the business. Smith Moore & CO. lifted its position in FT Vest Rising Dividend Achievers Target Income ETF by 5.9% during the 3rd quarter. Smith Moore & CO. now owns 20,779 shares of the company’s stock worth $579,000 after buying an additional 1,150 shares in the last quarter. Benjamin Edwards Inc. boosted its stake in shares of FT Vest Rising Dividend Achievers Target Income ETF by 42.1% in the third quarter. Benjamin Edwards Inc. now owns 16,728 shares of the company’s stock valued at $466,000 after buying an additional 4,959 shares during the period. Private Advisor Group LLC increased its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 23.0% in the third quarter. Private Advisor Group LLC now owns 450,597 shares of the company’s stock worth $12,563,000 after purchasing an additional 84,209 shares during the period. OneAscent Financial Services LLC bought a new stake in shares of FT Vest Rising Dividend Achievers Target Income ETF during the 3rd quarter worth approximately $449,000. Finally, HighTower Advisors LLC lifted its position in shares of FT Vest Rising Dividend Achievers Target Income ETF by 28.6% during the 3rd quarter. HighTower Advisors LLC now owns 562,564 shares of the company’s stock worth $15,684,000 after buying an additional 125,219 shares during 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.