FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Stock Price Down 1.4% – Time to Sell?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG)’s stock price traded down 1.4% during mid-day trading on Monday . The company traded as low as $50.14 and last traded at $49.4330. 358,156 shares traded hands during trading, a decline of 5% from the average session 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 company has a market cap of $3.80 billion, a P/E ratio of 21.48 and a beta of 0.83. The business has a 50 day moving average price of $48.91 and a two-hundred day moving average price of $49.35.

Institutional Trading of FT Vest S&P 500 Dividend Aristocrats Target Income ETF

A number of institutional investors have recently made changes to their positions in the stock. Strategic Blueprint LLC increased its holdings in 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 valued at $847,000 after purchasing an additional 275 shares during the period. Trust Co. of Vermont bought a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 3rd quarter worth approximately $30,000. MTM Investment Management LLC increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 6.3% during the third quarter. MTM Investment Management LLC now owns 11,840 shares of the company’s stock valued at $584,000 after buying an additional 700 shares during the period. SBI Securities Co. Ltd. raised its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 53.3% during the second quarter. SBI Securities Co. Ltd. now owns 2,033 shares of the company’s stock valued at $100,000 after acquiring an additional 707 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% in the second quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock worth $48,000 after acquiring an additional 872 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.