FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Sets New 12-Month High – Here’s Why

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) shares reached a new 52-week high during trading on Tuesday . The company traded as high as $52.74 and last traded at $52.7340, with a volume of 108594 shares traded. The stock had previously closed at $52.45.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Price Performance

The business has a fifty day moving average of $50.19 and a 200-day moving average of $49.64. The stock has a market capitalization of $4.05 billion, a price-to-earnings ratio of 21.48 and a beta of 0.83.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Increases Dividend

The firm also recently announced a monthly dividend, which was paid on Friday, January 30th. Investors of record on Wednesday, January 21st were issued a $0.362 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date was Wednesday, January 21st. This is an increase from FT Vest S&P 500 Dividend Aristocrats Target Income ETF’s previous monthly dividend of $0.34.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in KNG. Trust Co. of Vermont acquired a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 3rd quarter valued at $30,000. JPMorgan Chase & Co. grew its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock worth $48,000 after acquiring an additional 872 shares during the last quarter. 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. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the second quarter valued at $84,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 53.3% in the 2nd quarter. SBI Securities Co. Ltd. now owns 2,033 shares of the company’s stock valued at $100,000 after purchasing an additional 707 shares during the period.

About FT Vest S&P 500 Dividend Aristocrats Target Income ETF

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.