First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Trading Down 0.7% – Should You Sell?

Shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) fell 0.7% during trading on Tuesday . The company traded as low as $40.29 and last traded at $40.40. Approximately 2,248 shares changed hands during mid-day trading, a decline of 65% from the average session volume of 6,472 shares. The stock had previously closed at $40.68.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Performance

The business’s 50-day moving average price is $39.65 and its 200 day moving average price is $37.88. The company has a market cap of $64.64 million, a P/E ratio of 16.58 and a beta of 0.86.

Institutional Investors Weigh In On First Trust S&P 500 Diversified Dividend Aristocrats ETF

Several hedge funds have recently bought and sold shares of the company. Cetera Investment Advisers grew its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 7.3% during the first quarter. Cetera Investment Advisers now owns 15,815 shares of the company’s stock worth $570,000 after purchasing an additional 1,082 shares during the period. D.A. Davidson & CO. raised its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.2% in the first quarter. D.A. Davidson & CO. now owns 61,936 shares of the company’s stock valued at $2,231,000 after buying an additional 1,349 shares during the period. Total Clarity Wealth Management Inc. raised its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 19.7% in the first quarter. Total Clarity Wealth Management Inc. now owns 7,094 shares of the company’s stock valued at $256,000 after buying an additional 1,168 shares during the period. Signal Advisors Wealth LLC lifted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 1.3% in the first quarter. Signal Advisors Wealth LLC now owns 46,564 shares of the company’s stock valued at $1,677,000 after buying an additional 599 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 18.4% in the fourth quarter. Osaic Holdings Inc. now owns 52,239 shares of the company’s stock valued at $1,871,000 after buying an additional 8,132 shares during the last quarter.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Company Profile

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.