First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Shares Climb 1.9% – What’s Next?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) shares were up 1.9% during trading on Thursday. The stock traded as high as $43.32 and last traded at $43.35. 3,441 shares were traded during mid-day trading, a decline of 42% from the average session volume of 5,975 shares. The stock had previously closed at $42.53.

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

The stock has a market cap of $68.91 million, a price-to-earnings ratio of 16.58 and a beta of 0.88. The firm’s 50-day moving average is $41.90 and its 200 day moving average is $40.70.

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

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.2621 dividend. This represents a $1.05 annualized dividend and a yield of 2.4%. This is a negative change from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.3057. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Signal Advisors Wealth LLC grew its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 4.8% during the 3rd quarter. Signal Advisors Wealth LLC now owns 60,579 shares of the company’s stock worth $2,455,000 after acquiring an additional 2,779 shares in the last quarter. Farther Finance Advisors LLC raised its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 21.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,312 shares of the company’s stock valued at $134,000 after acquiring an additional 586 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 31.1% during the second quarter. Envestnet Asset Management Inc. now owns 25,943 shares of the company’s stock worth $1,040,000 after purchasing an additional 6,157 shares during the last quarter. Cetera Investment Advisers boosted its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 7.3% in 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. Finally, D.A. Davidson & CO. boosted its holdings 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 worth $2,231,000 after purchasing an additional 1,349 shares during the period.

About First Trust S&P 500 Diversified Dividend Aristocrats ETF

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.