FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Stock Price Up 2.1% – Should You Buy?

Shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG – Get Free Report) traded up 2.1% during mid-day trading on Thursday. The company traded as high as $51.46 and last traded at $51.46. Approximately 583,534 shares traded hands during mid-day trading, an increase of 73% from the average session volume of 337,383 shares. The stock had previously closed at $50.39.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Up 2.1%

The company has a market cap of $3.95 billion, a P/E ratio of 21.48 and a beta of 0.83. The company has a fifty day moving average of $50.14 and a 200 day moving average of $50.00.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 1st quarter valued at about $30,000. AdvisorNet Financial Inc bought a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the first quarter valued at approximately $48,000. Continuum Advisory LLC purchased a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 2nd quarter worth $116,000. Bank of New York Mellon Corp purchased a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 1st quarter worth $433,000. Finally, SBI Securities Co. Ltd. grew its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 6.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 11,286 shares of the company’s stock valued at $543,000 after acquiring an additional 700 shares during the period.

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

(Get Free Report)

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.

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