First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Trading 0.8% Higher – Still a Buy?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) traded up 0.8% on Thursday . The stock traded as high as $40.79 and last traded at $40.79. 1,439 shares were traded during mid-day trading, a decline of 77% from the average session volume of 6,202 shares. The stock had previously closed at $40.45.

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

The company has a market capitalization of $63.04 million, a PE ratio of 16.58 and a beta of 0.87. The stock’s 50 day simple moving average is $40.42 and its 200-day simple moving average is $38.40.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.3057 dividend. This represents a $1.22 dividend on an annualized basis and a dividend yield of 3.0%. This is an increase from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Thursday, June 25th.

Institutional Investors Weigh In On First Trust S&P 500 Diversified Dividend Aristocrats ETF

A number of hedge funds have recently added to or reduced their stakes in KNGZ. Farther Finance Advisors LLC boosted its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 317.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,173 shares of the company’s stock valued at $42,000 after buying an additional 892 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the second quarter worth $45,000. Sound Income Strategies LLC purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the fourth quarter worth $55,000. Kestra Advisory Services LLC purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the fourth quarter worth $77,000. Finally, Darwin Wealth Management LLC acquired a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the second quarter valued at $114,000.

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.