First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Shares Up 1.3% – Should You Buy?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) shares shot up 1.3% during trading on Thursday . The stock traded as high as $37.68 and last traded at $37.63. 10,239 shares were traded during mid-day trading, an increase of 37% from the average session volume of 7,481 shares. The stock had previously closed at $37.15.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Trading Up 1.3%

The company has a market cap of $58.33 million, a price-to-earnings ratio of 16.58 and a beta of 0.86. The firm has a 50-day moving average price of $37.09 and a 200 day moving average price of $36.39.

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

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1589 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.64 dividend on an annualized basis and a yield of 1.7%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 16,414 shares of the company’s stock valued at $588,000 after purchasing an additional 399 shares during the period. Commonwealth Equity Services LLC boosted its position 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 valued at $271,000 after purchasing an additional 438 shares during the period. Cetera Investment Advisers boosted its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 6.5% during the 2nd quarter. Cetera Investment Advisers now owns 11,879 shares of the company’s stock valued at $399,000 after purchasing an additional 729 shares during the period. Farther Finance Advisors LLC boosted its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 317.4% during the 4th quarter. Farther Finance Advisors LLC now owns 1,173 shares of the company’s stock valued at $42,000 after purchasing an additional 892 shares during the period. Finally, Harbour Investments Inc. boosted its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 29.3% during the 4th quarter. Harbour Investments Inc. now owns 4,089 shares of the company’s stock valued at $146,000 after purchasing 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.