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

Shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) were up 3.7% during mid-day trading on Thursday . The company traded as high as $50.7173 and last traded at $51.9950. Approximately 358,156 shares traded 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 Stock Performance

The firm has a market cap of $3.99 billion, a price-to-earnings ratio of 21.48 and a beta of 0.83. The business has a fifty day moving average of $50.06 and a two-hundred 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 issued a $0.362 dividend. This represents a c) annualized dividend and a yield of 8.4%. This is a positive change 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.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 27.4% during the third quarter. Farther Finance Advisors LLC now owns 127,478 shares of the company’s stock worth $6,286,000 after acquiring an additional 27,381 shares during the last quarter. Strategic Blueprint LLC lifted its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 1.6% during the 2nd quarter. Strategic Blueprint LLC now owns 17,241 shares of the company’s stock worth $847,000 after purchasing an additional 275 shares during the period. Colonial Trust Advisors acquired a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the second quarter worth $61,000. Kingswood Wealth Advisors LLC acquired a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the second quarter worth $203,000. Finally, Creative Financial Designs Inc. ADV grew its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 5.9% in the second quarter. Creative Financial Designs Inc. ADV now owns 36,686 shares of the company’s stock valued at $1,801,000 after purchasing an additional 2,056 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.