Envestnet Asset Management Inc. Boosts Stock Position in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)

Envestnet Asset Management Inc. increased its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) by 50.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,378 shares of the company’s stock after buying an additional 7,157 shares during the period. Envestnet Asset Management Inc. owned about 1.47% of First Trust S&P 500 Diversified Dividend Aristocrats ETF worth $689,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the fourth quarter valued at $233,000. Tandem Financial LLC acquired a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 4th quarter valued at $32,000. D.A. Davidson & CO. grew its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 88.7% during the 4th quarter. D.A. Davidson & CO. now owns 63,997 shares of the company’s stock valued at $2,062,000 after buying an additional 30,079 shares during the period. Kovack Advisors Inc. increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 100.0% during the 4th quarter. Kovack Advisors Inc. now owns 36,000 shares of the company’s stock worth $1,160,000 after buying an additional 18,000 shares during the last quarter. Finally, Harbour Investments Inc. acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the fourth quarter valued at $192,000.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Price Performance

First Trust S&P 500 Diversified Dividend Aristocrats ETF stock opened at $31.29 on Friday. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 12 month low of $27.61 and a 12 month high of $35.34. The stock’s 50-day moving average is $31.25 and its 200-day moving average is $32.78. The company has a market cap of $45.37 million, a price-to-earnings ratio of 17.10 and a beta of 0.92.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a $0.1558 dividend. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date was Thursday, March 27th.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Profile

The First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks a sector-neutral US large-cap index selected and weighted based on dividend history and yield. KNGZ was launched on Jun 20, 2017 and is issued by First Trust.