First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Shares Up 0.8% – Here’s What Happened

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)’s stock price rose 0.8% on Thursday . The stock traded as high as $40.79 and last traded at $40.79. 1,439 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 6,202 shares. The stock had previously closed at $40.45.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Up 0.8%

The stock has a market capitalization of $63.22 million, a price-to-earnings ratio of 16.58 and a beta of 0.87. The business’s 50-day moving average is $40.39 and its two-hundred day moving average is $38.38.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.3057 dividend. This is a positive change from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.22 dividend on an annualized basis and a yield of 3.0%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in KNGZ. LPL Financial LLC increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 13.5% in the fourth quarter. LPL Financial LLC now owns 458,411 shares of the company’s stock valued at $16,416,000 after purchasing an additional 54,677 shares during the last quarter. D.A. Davidson & CO. boosted its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.2% during the first quarter. D.A. Davidson & CO. now owns 61,936 shares of the company’s stock worth $2,231,000 after buying an additional 1,349 shares during the last quarter. Osaic Holdings Inc. boosted its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 18.4% during the fourth quarter. Osaic Holdings Inc. now owns 52,239 shares of the company’s stock worth $1,871,000 after buying an additional 8,132 shares during the last quarter. Signal Advisors Wealth LLC boosted its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 1.3% during the first quarter. Signal Advisors Wealth LLC now owns 46,564 shares of the company’s stock worth $1,677,000 after buying an additional 599 shares during the last quarter. Finally, Susquehanna International Group LLP grew its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 94.1% in the 3rd quarter. Susquehanna International Group LLP now owns 28,031 shares of the company’s stock valued at $1,004,000 after buying an additional 13,590 shares in the last quarter.

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.