FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Shares Up 3.7% – What’s Next?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG)’s stock price rose 3.7% during trading on Thursday . The company traded as high as $50.7173 and last traded at $51.9950. Approximately 358,156 shares changed hands during trading, a decline of 5% from the average daily volume of 378,982 shares. The stock had previously closed at $50.13.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Price Performance

The stock has a market cap of $3.99 billion, a PE ratio of 21.48 and a beta of 0.83. The business has a fifty day moving average of $50.06 and a 200-day moving average of $49.61.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Shareholders of record on Wednesday, January 21st were given a dividend of $0.362 per share. This is a boost from FT Vest S&P 500 Dividend Aristocrats Target Income ETF’s previous monthly dividend of $0.34. The ex-dividend date of this dividend was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a yield of 8.4%.

Hedge Funds Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont purchased a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the third quarter valued at $30,000. JPMorgan Chase & Co. grew its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock worth $48,000 after acquiring an additional 872 shares in the last quarter. Colonial Trust Advisors bought a new position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 2nd quarter worth about $61,000. Twin Peaks Wealth Advisors LLC purchased a new position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 2nd quarter valued at about $84,000. Finally, SBI Securities Co. Ltd. increased its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 53.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 2,033 shares of the company’s stock valued at $100,000 after purchasing an additional 707 shares during the period.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Company Profile

The FT Cboe Vest S&P 500 Dividend Aristocrats Target Income ETF (KNG) is an exchange-traded fund that mostly invests in large cap equity. The fund tracks an equal-weighted index of US large-cap companies that have increased dividends for at least 25 years, with a partial overlay of covered call options. KNG was launched on Mar 26, 2018 and is managed by First Trust.