FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Trading 3.7% Higher – Time to Buy?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG)’s stock price shot up 3.7% during mid-day trading on Thursday . The company traded as high as $50.7173 and last traded at $51.9950. 358,156 shares were traded 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 Stock Performance

The firm has a fifty day simple moving average of $50.06 and a 200 day simple moving average of $49.61. The company has a market cap of $3.99 billion, a PE ratio of 21.48 and a beta of 0.83.

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

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

Hedge Funds Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

A number of large investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC raised its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 27.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 127,478 shares of the company’s stock worth $6,286,000 after purchasing an additional 27,381 shares during the period. Sound Income Strategies LLC increased its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 118,221.1% during the 4th quarter. Sound Income Strategies LLC now owns 22,481 shares of the company’s stock worth $1,152,000 after purchasing an additional 22,462 shares in the last quarter. Jaffetilchin Investment Partners LLC increased its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 96.6% during the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 31,298 shares of the company’s stock worth $1,537,000 after purchasing an additional 15,378 shares in the last quarter. Sunbelt Securities Inc. raised its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 137.1% in the third quarter. Sunbelt Securities Inc. now owns 25,501 shares of the company’s stock valued at $1,257,000 after buying an additional 14,745 shares during the period. Finally, Triumph Capital Management lifted its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 18.4% during the third quarter. Triumph Capital Management now owns 62,349 shares of the company’s stock valued at $3,074,000 after buying an additional 9,701 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.