First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Trading Up 0.8% – Should You Buy?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)’s share price was up 0.8% on Friday . The stock traded as high as $38.70 and last traded at $38.63. Approximately 3,036 shares were traded during trading, a decline of 69% from the average daily volume of 9,691 shares. The stock had previously closed at $38.34.

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

The stock has a market cap of $59.88 million, a P/E ratio of 16.58 and a beta of 0.92. The company’s 50 day simple moving average is $37.01 and its 200 day simple moving average is $35.81.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.3361 dividend. The ex-dividend date was Friday, December 12th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 3.5%. This is an increase from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.23.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.5% during the third quarter. Envestnet Asset Management Inc. now owns 16,414 shares of the company’s stock worth $588,000 after purchasing an additional 399 shares during the period. Commonwealth Equity Services LLC raised its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 6.2% during the 4th quarter. Commonwealth Equity Services LLC now owns 7,555 shares of the company’s stock worth $271,000 after buying an additional 438 shares during the period. Cetera Investment Advisers lifted its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 6.5% in the second quarter. Cetera Investment Advisers now owns 11,879 shares of the company’s stock valued at $399,000 after buying an additional 729 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 317.4% in the fourth quarter. Farther Finance Advisors LLC now owns 1,173 shares of the company’s stock valued at $42,000 after buying an additional 892 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 29.3% in the fourth quarter. Harbour Investments Inc. now owns 4,089 shares of the company’s stock valued at $146,000 after buying an additional 927 shares during the period.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Company 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.