First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Trading Up 0.8% – Still a Buy?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) shares shot up 0.8% on Friday . The company traded as high as $38.70 and last traded at $38.63. 3,036 shares were traded during trading, a decline of 69% from the average session volume of 9,691 shares. The stock had previously closed at $38.34.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Up 0.8%

The business’s 50 day simple moving average is $37.01 and its 200 day simple moving average is $35.81. The stock has a market cap of $59.88 million, a price-to-earnings ratio of 16.58 and a beta of 0.92.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.3361 dividend. This is an increase from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, December 12th. This represents a $1.34 annualized dividend and a yield of 3.5%.

Hedge Funds Weigh In On First Trust S&P 500 Diversified Dividend Aristocrats ETF

A number of institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 31.6% in the first quarter. Goldman Sachs Group Inc. now owns 12,336 shares of the company’s stock valued at $397,000 after buying an additional 2,964 shares during the period. Janney Montgomery Scott LLC increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 23.0% during the 2nd quarter. Janney Montgomery Scott LLC now owns 13,045 shares of the company’s stock worth $439,000 after acquiring an additional 2,442 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 2nd quarter valued at $1,230,000. Atria Wealth Solutions Inc. acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 2nd quarter valued at $1,500,000. Finally, Private Trust Co. NA bought a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the second quarter worth $51,000.

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.