FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Shares Up 3.7% – What’s Next?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG)’s stock price traded up 3.7% during trading on Thursday . The stock traded as high as $50.7173 and last traded at $51.9950. 358,156 shares were traded during mid-day trading, a decline of 5% from the average session volume of 378,982 shares. The stock had previously closed at $50.13.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Performance

The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 21.48 and a beta of 0.83. The business’s 50-day moving average is $50.12 and its 200-day moving average is $49.63.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Increases Dividend

The company also recently announced a monthly dividend, which was paid on Friday, January 30th. Stockholders of record on Wednesday, January 21st were paid a $0.362 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 8.3%. This is an increase from FT Vest S&P 500 Dividend Aristocrats Target Income ETF’s previous monthly dividend of $0.34. The ex-dividend date was Wednesday, January 21st.

Institutional Investors Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

A number of large investors have recently bought and sold shares of KNG. Farther Finance Advisors LLC grew its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 27.4% during the third quarter. Farther Finance Advisors LLC now owns 127,478 shares of the company’s stock worth $6,286,000 after purchasing an additional 27,381 shares during the last quarter. Strategic Blueprint LLC lifted its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 1.6% during the 2nd quarter. Strategic Blueprint LLC now owns 17,241 shares of the company’s stock worth $847,000 after buying an additional 275 shares in the last quarter. Colonial Trust Advisors acquired a new position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 2nd quarter worth about $61,000. Kingswood Wealth Advisors LLC acquired a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 2nd quarter valued at about $203,000. Finally, Creative Financial Designs Inc. ADV increased its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 5.9% in the 2nd quarter. Creative Financial Designs Inc. ADV now owns 36,686 shares of the company’s stock valued at $1,801,000 after acquiring an additional 2,056 shares in the last quarter.

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.