First Trust S&P 500 Diversified Dividend Aristocrats ETF $KNGZ Stock: International Assets Investment Management LLC Boosts Stake

International Assets Investment Management LLC grew its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) by 279.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,555 shares of the company’s stock after acquiring an additional 19,554 shares during the quarter. International Assets Investment Management LLC owned about 1.66% of First Trust S&P 500 Diversified Dividend Aristocrats ETF worth $1,076,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of KNGZ. Farther Finance Advisors LLC lifted its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 21.5% during the third quarter. Farther Finance Advisors LLC now owns 3,312 shares of the company’s stock valued at $134,000 after purchasing an additional 586 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of 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 in the last quarter. D.A. Davidson & CO. increased its stake in shares of 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 in the last quarter. Total Clarity Wealth Management Inc. raised its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 17.8% in the third quarter. Total Clarity Wealth Management Inc. now owns 9,251 shares of the company’s stock valued at $375,000 after purchasing an additional 1,395 shares during the period. Finally, Signal Advisors Wealth LLC raised its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 4.8% in the third quarter. Signal Advisors Wealth LLC now owns 60,579 shares of the company’s stock valued at $2,455,000 after purchasing an additional 2,779 shares during the period.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Trading Up 2.3%

Shares of KNGZ stock opened at $44.45 on Thursday. The firm’s 50 day moving average is $42.07 and its 200 day moving average is $39.89. The stock has a market capitalization of $71.12 million, a P/E ratio of 16.58 and a beta of 0.89. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 12 month low of $33.67 and a 12 month high of $44.47.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.2621 dividend. This is a drop 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. This represents a $1.05 dividend on an annualized basis and a yield of 2.4%.

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.