FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Shares Down 1% – Here’s Why

Shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) fell 1% during mid-day trading on Tuesday . The stock traded as low as $51.27 and last traded at $51.98. 449,633 shares were traded during mid-day trading, an increase of 6% from the average session volume of 423,050 shares. The stock had previously closed at $52.48.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Down 1.0%

The stock’s 50-day simple moving average is $51.19 and its 200 day simple moving average is $49.94. The firm has a market cap of $3.99 billion, a P/E 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, February 27th. Investors of record on Friday, February 20th were paid a dividend of $0.3699 per share. This is an increase from FT Vest S&P 500 Dividend Aristocrats Target Income ETF’s previous monthly dividend of $0.36. This represents a c) annualized dividend and a yield of 8.5%. The ex-dividend date of this dividend was Friday, February 20th.

Institutional Investors Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

Large investors have recently bought and sold shares of the stock. CoreCap Advisors LLC lifted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 1.3% in the fourth quarter. CoreCap Advisors LLC now owns 28,078 shares of the company’s stock valued at $1,380,000 after purchasing an additional 359 shares in the last quarter. Trust Co. of Vermont purchased a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 3rd quarter valued at $30,000. MTM Investment Management LLC raised its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 6.3% in the 3rd 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 last quarter. SBI Securities Co. Ltd. lifted its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 53.3% during the 2nd 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. grew its stake 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 in the last quarter.

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.