Signal Advisors Wealth LLC Takes Position in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)

Signal Advisors Wealth LLC acquired a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) during the first quarter, according to its most recent filing with the SEC. The fund acquired 29,149 shares of the company’s stock, valued at approximately $939,000.

A number of other institutional investors have also added to or reduced their stakes in KNGZ. Tandem Financial LLC bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter worth approximately $32,000. Harbour Investments Inc. purchased a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter valued at $192,000. Cetera Investment Advisers grew its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 9,682 shares of the company’s stock valued at $312,000 after purchasing an additional 513 shares in the last quarter. Woodmont Investment Counsel LLC increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 41.1% in the fourth quarter. Woodmont Investment Counsel LLC now owns 15,256 shares of the company’s stock worth $492,000 after purchasing an additional 4,440 shares during the period. Finally, NBC Securities Inc. raised its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 121,168.8% in the first quarter. NBC Securities Inc. now owns 19,403 shares of the company’s stock worth $624,000 after buying an additional 19,387 shares in the last quarter.

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

NASDAQ:KNGZ opened at $32.76 on Friday. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 52-week low of $27.61 and a 52-week high of $35.34. The stock has a fifty day moving average of $31.01 and a 200 day moving average of $32.44. The firm has a market capitalization of $47.50 million, a price-to-earnings ratio of 16.80 and a beta of 0.92.

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

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a $0.1558 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.62 annualized dividend and a dividend yield of 1.90%.

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.