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

FT Vest Rising Dividend Achievers Target Income ETF (BATS:RDVI)’s share price hit a new 52-week high on Tuesday . The company traded as high as $28.20 and last traded at $28.20, with a volume of 24537 shares trading hands. The stock had previously closed at $27.70.

FT Vest Rising Dividend Achievers Target Income ETF Stock Performance

The company has a market cap of $2.27 billion, a PE ratio of 16.57 and a beta of 1.03. The firm’s 50 day moving average is $27.10 and its 200-day moving average is $26.76.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Archer Investment Corp lifted its stake in FT Vest Rising Dividend Achievers Target Income ETF by 47.8% in the 1st 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 position in FT Vest Rising Dividend Achievers Target Income ETF in the 3rd quarter worth approximately $38,000. US Bancorp DE purchased a new position in FT Vest Rising Dividend Achievers Target Income ETF in the 3rd quarter worth approximately $57,000. IMG Wealth Management Inc. lifted its stake 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 purchasing an additional 404 shares in the last quarter. Finally, Topsail Wealth Management LLC purchased a new position in FT Vest Rising Dividend Achievers Target Income ETF in the 4th quarter worth 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.