FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Hits New 12-Month Low – Should You Sell?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) shares reached a new 52-week low on Thursday . The company traded as low as $47.68 and last traded at $47.95, with a volume of 57537 shares trading hands. The stock had previously closed at $48.59.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Trading Down 0.5%

The business’s 50 day moving average is $49.01 and its two-hundred day moving average is $49.82. The company has a market cap of $3.71 billion, a PE ratio of 21.48 and a beta of 0.83.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Anchor Investment Management LLC purchased a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 1st quarter valued at $30,000. AdvisorNet Financial Inc bought a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 1st quarter valued at $48,000. JPMorgan Chase & Co. increased its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock valued at $48,000 after acquiring an additional 872 shares during the last quarter. Claris Financial LLC bought a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 4th quarter valued at $207,000. Finally, DB&C Advisors LLC bought a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 4th quarter valued at $235,000.

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.