Collaborative Wealth Managment Inc. Cuts Stock Holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF $KNGZ

Collaborative Wealth Managment Inc. lowered its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) by 16.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,710 shares of the company’s stock after selling 4,153 shares during the quarter. Collaborative Wealth Managment Inc.’s holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF were worth $696,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KNGZ. Cetera Investment Advisers increased its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 6.5% during the second quarter. Cetera Investment Advisers now owns 11,879 shares of the company’s stock valued at $399,000 after buying an additional 729 shares during the period. AE Wealth Management LLC increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 23.8% in the 2nd quarter. AE Wealth Management LLC now owns 12,019 shares of the company’s stock valued at $404,000 after acquiring an additional 2,308 shares during the period. Private Trust Co. NA purchased a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 2nd quarter valued at $51,000. Atria Wealth Solutions Inc. bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 2nd quarter worth $1,500,000. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 2nd quarter worth $1,230,000.

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

Shares of KNGZ stock opened at $34.86 on Friday. The stock’s 50-day moving average is $35.51 and its 200 day moving average is $34.20. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 1-year low of $27.61 and a 1-year high of $36.21. The company has a market cap of $52.29 million, a P/E ratio of 16.58 and a beta of 0.92.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.2304 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Thursday, September 25th.

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.