First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Trading 0.5% Higher – Should You Buy?

Shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) were up 0.5% during trading on Friday . The stock traded as high as $39.51 and last traded at $39.46. Approximately 3,452 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 6,836 shares. The stock had previously closed at $39.26.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Trading Up 0.5%

The company has a market cap of $63.14 million, a PE ratio of 16.58 and a beta of 0.86. The company’s 50 day moving average is $37.12 and its 200 day moving average is $36.67.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.1589 dividend. This represents a $0.64 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KNGZ. Goldman Sachs Group Inc. increased its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 31.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,336 shares of the company’s stock worth $397,000 after buying an additional 2,964 shares during the period. Cetera Investment Advisers increased its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 6.5% in the 2nd quarter. Cetera Investment Advisers now owns 11,879 shares of the company’s stock worth $399,000 after buying an additional 729 shares during the period. Darwin Wealth Management LLC purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 2nd quarter worth about $114,000. Raymond James Financial Inc. purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 2nd quarter worth about $45,000. Finally, Global Retirement Partners LLC increased its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 26.3% in the 3rd quarter. Global Retirement Partners LLC now owns 4,800 shares of the company’s stock worth $172,000 after buying an additional 1,000 shares during the period.

About First Trust S&P 500 Diversified Dividend Aristocrats ETF

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.