FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Hits New 52-Week High – Still a Buy?

Shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG – Get Free Report) hit a new 52-week high during mid-day trading on Wednesday. The stock traded as high as $53.25 and last traded at $53.20, with a volume of 153,795 shares traded. The stock had previously closed at $51.94.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Up 2.7%

The business has a fifty day moving average price of $50.08 and a 200-day moving average price of $50.27. The company has a market cap of $3.52 billion, a P/E ratio of 23.23 and a beta of 0.69.

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

Institutional investors have recently added to or reduced their stakes in the company. Anchor Investment Management LLC acquired a new position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 1st quarter valued at $30,000. SBI Securities Co. Ltd. increased its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 6.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 11,286 shares of the company’s stock worth $543,000 after buying an additional 700 shares during the period. CoreCap Advisors LLC lifted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 2.9% during the second quarter. CoreCap Advisors LLC now owns 29,124 shares of the company’s stock worth $1,471,000 after buying an additional 834 shares in the last quarter. Kingswood Wealth Advisors LLC lifted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 15.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 17,440 shares of the company’s stock worth $840,000 after buying an additional 2,294 shares in the last quarter. Finally, Continuum Advisory LLC acquired a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the second quarter worth $116,000.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Company Profile

(Get Free Report)

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.

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