FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) Hits New 52-Week High – What’s Next?

Shares of FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI) reached a new 52-week high on Thursday . The company traded as high as $30.08 and last traded at $29.93, with a volume of 97429 shares changing hands. The stock had previously closed at $29.97.

FT Vest Rising Dividend Achievers Target Income ETF Price Performance

The stock has a market capitalization of $2.47 billion, a PE ratio of 16.57 and a beta of 1.03. The business’s fifty day moving average price is $28.96 and its 200-day moving average price is $27.62.

Institutional Trading of FT Vest Rising Dividend Achievers Target Income ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of RDVI. Apollon Wealth Management LLC lifted its holdings in shares of FT Vest Rising Dividend Achievers Target Income ETF by 114.3% during the 4th quarter. Apollon Wealth Management LLC now owns 36,991 shares of the company’s stock worth $971,000 after acquiring an additional 19,731 shares during the last quarter. LPL Financial LLC increased its stake in FT Vest Rising Dividend Achievers Target Income ETF by 8.2% in the fourth quarter. LPL Financial LLC now owns 10,035,654 shares of the company’s stock valued at $263,336,000 after acquiring an additional 762,029 shares during the last quarter. World Investment Advisors increased its stake in FT Vest Rising Dividend Achievers Target Income ETF by 749.4% in the fourth quarter. World Investment Advisors now owns 81,652 shares of the company’s stock valued at $2,143,000 after acquiring an additional 72,039 shares during the last quarter. Merit Financial Group LLC raised its position in FT Vest Rising Dividend Achievers Target Income ETF by 4.2% during the fourth quarter. Merit Financial Group LLC now owns 673,128 shares of the company’s stock valued at $17,663,000 after purchasing an additional 27,125 shares in the last quarter. Finally, Aurora Private Wealth Inc. purchased a new stake in FT Vest Rising Dividend Achievers Target Income ETF during the fourth quarter valued at about $4,881,000.

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.