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

Envestnet Asset Management Inc. reduced its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) by 26.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,767 shares of the company’s stock after selling 5,611 shares during the period. Envestnet Asset Management Inc. owned about 1.09% of First Trust S&P 500 Diversified Dividend Aristocrats ETF worth $508,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in KNGZ. Cetera Investment Advisers boosted its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 5.6% in the 4th quarter. Cetera Investment Advisers now owns 9,682 shares of the company’s stock valued at $312,000 after acquiring an additional 513 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 1st quarter valued at $342,000. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 78.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 11,566 shares of the company’s stock valued at $373,000 after acquiring an additional 5,075 shares during the last quarter. Woodmont Investment Counsel LLC boosted its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 20.9% in the 1st quarter. Woodmont Investment Counsel LLC now owns 18,446 shares of the company’s stock valued at $594,000 after acquiring an additional 3,190 shares during the last quarter. Finally, NBC Securities Inc. boosted its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 121,168.8% in the 1st quarter. NBC Securities Inc. now owns 19,403 shares of the company’s stock valued at $624,000 after acquiring an additional 19,387 shares during the last quarter.

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

KNGZ opened at $33.67 on Wednesday. The firm has a fifty day moving average price of $33.51 and a 200 day moving average price of $32.55. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 1 year low of $27.61 and a 1 year high of $35.34. The stock has a market cap of $50.51 million, a P/E ratio of 16.58 and a beta of 0.92.

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

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were paid a $0.2429 dividend. The ex-dividend date was Thursday, June 26th. This represents a $0.97 annualized dividend and a dividend yield of 2.9%. This is an increase from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16.

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.