FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Shares Up 3.7% – What’s Next?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) shares traded up 3.7% on Thursday . The stock traded as high as $50.7173 and last traded at $51.9950. 358,156 shares traded hands during mid-day trading, a decline of 5% from the average session volume of 378,982 shares. The stock had previously closed at $50.13.

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

The company has a market capitalization of $3.99 billion, a PE ratio of 21.48 and a beta of 0.83. The company’s fifty day moving average is $50.06 and its 200-day moving average is $49.61.

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

The business also recently declared a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were issued a $0.362 dividend. The ex-dividend date was Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 8.4%. This is a boost from FT Vest S&P 500 Dividend Aristocrats Target Income ETF’s previous monthly dividend of $0.34.

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

Hedge funds have recently made changes to their positions in the stock. Trust Co. of Vermont purchased a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 3rd quarter valued at approximately $30,000. JPMorgan Chase & Co. increased its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock valued at $48,000 after purchasing an additional 872 shares in the last quarter. Colonial Trust Advisors acquired a new position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 2nd quarter valued at approximately $61,000. Twin Peaks Wealth Advisors LLC purchased a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the second quarter worth $84,000. Finally, SBI Securities Co. Ltd. lifted its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 53.3% during the second quarter. SBI Securities Co. Ltd. now owns 2,033 shares of the company’s stock worth $100,000 after buying an additional 707 shares during the period.

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

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.