First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Shares Down 0.3% – Time to Sell?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) shares fell 0.3% during trading on Monday . The company traded as low as $42.39 and last traded at $42.50. Approximately 2,629 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 6,147 shares. The stock had previously closed at $42.61.

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

The company has a 50 day simple moving average of $41.37 and a 200-day simple moving average of $39.44. The stock has a market cap of $65.88 million, a P/E ratio of 16.58 and a beta of 0.87.

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

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.3057 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.22 dividend on an annualized basis and a dividend yield of 2.9%. This is a positive change from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16.

Institutional Trading of First Trust S&P 500 Diversified Dividend Aristocrats ETF

Several hedge funds and other institutional investors have recently bought and sold shares of KNGZ. Farther Finance Advisors LLC grew its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 317.4% during the fourth quarter. Farther Finance Advisors LLC now owns 1,173 shares of the company’s stock valued at $42,000 after acquiring an additional 892 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 2nd quarter valued at $45,000. Kestra Advisory Services LLC bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter valued at $77,000. Darwin Wealth Management LLC bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 2nd quarter valued at $114,000. Finally, Harbour Investments Inc. raised its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 29.3% in the 4th quarter. Harbour Investments Inc. now owns 4,089 shares of the company’s stock worth $146,000 after purchasing an additional 927 shares during the period.

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.