FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Stock Price Down 0.2% – Time to Sell?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG)’s stock price was down 0.2% during trading on Monday . The company traded as low as $50.34 and last traded at $50.62. Approximately 328,714 shares traded hands during trading, a decline of 8% from the average daily volume of 356,490 shares. The stock had previously closed at $50.70.

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

The company has a market cap of $3.89 billion, a PE ratio of 21.48 and a beta of 0.83. The firm has a 50-day simple moving average of $49.19 and a two-hundred day simple moving average of $49.93.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KNG. Arkadios Wealth Advisors lifted its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 600.2% in the 1st quarter. Arkadios Wealth Advisors now owns 506,073 shares of the company’s stock valued at $24,651,000 after purchasing an additional 433,799 shares in the last quarter. Hilton Head Capital Partners LLC purchased a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the fourth quarter worth about $4,671,000. Janney Montgomery Scott LLC grew its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 23.8% during the first quarter. Janney Montgomery Scott LLC now owns 385,974 shares of the company’s stock worth $18,801,000 after buying an additional 74,198 shares in the last quarter. Creative Financial Designs Inc. ADV raised its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 194.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 111,138 shares of the company’s stock valued at $5,462,000 after buying an additional 73,389 shares during the last quarter. Finally, Sound Income Strategies LLC raised its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 118,221.1% in the fourth quarter. Sound Income Strategies LLC now owns 22,481 shares of the company’s stock valued at $1,152,000 after buying an additional 22,462 shares during 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.