FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Hits New 1-Year Low – Should You Sell?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG)’s share price reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $47.68 and last traded at $47.95, with a volume of 57537 shares. The stock had previously closed at $48.59.

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

The firm has a market cap of $3.74 billion, a PE ratio of 21.48 and a beta of 0.83. The stock’s fifty day moving average price is $48.95 and its 200-day moving average price is $49.81.

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

A number of large investors have recently modified their holdings of KNG. JPMorgan Chase & Co. grew its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% during the second quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock worth $48,000 after buying an additional 872 shares in the last quarter. Captrust Financial Advisors grew its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 13.4% during the second quarter. Captrust Financial Advisors now owns 32,803 shares of the company’s stock worth $1,611,000 after buying an additional 3,887 shares in the last quarter. LRI Investments LLC grew its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 40.0% during the third quarter. LRI Investments LLC now owns 14,000 shares of the company’s stock worth $690,000 after buying an additional 4,000 shares in the last quarter. MTM Investment Management LLC grew its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 6.3% during the third quarter. MTM Investment Management LLC now owns 11,840 shares of the company’s stock worth $584,000 after buying an additional 700 shares in the last quarter. Finally, Argent Advisors Inc. grew its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 7.3% during the third quarter. Argent Advisors Inc. now owns 135,650 shares of the company’s stock worth $6,689,000 after buying an additional 9,240 shares in the last quarter.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Company Profile

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.