Envestnet Portfolio Solutions Inc. Acquires Shares of 36,583 First Trust S&P 500 Diversified Dividend Aristocrats ETF $KNGZ

Envestnet Portfolio Solutions Inc. acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 36,583 shares of the company’s stock, valued at approximately $1,230,000. Envestnet Portfolio Solutions Inc. owned approximately 2.44% of First Trust S&P 500 Diversified Dividend Aristocrats ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KNGZ. Farther Finance Advisors LLC purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the second quarter valued at $95,000. Brookwood Investment Group LLC purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the first quarter valued at $231,000. Janney Montgomery Scott LLC purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the first quarter valued at $342,000. Cetera Investment Advisers increased its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 15.2% in the first quarter. Cetera Investment Advisers now owns 11,150 shares of the company’s stock valued at $359,000 after buying an additional 1,468 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 78.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,566 shares of the company’s stock valued at $373,000 after buying an additional 5,075 shares in the last quarter.

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

KNGZ opened at $35.31 on Friday. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a fifty-two week low of $27.61 and a fifty-two week high of $36.21. The company has a fifty day moving average of $35.38 and a two-hundred day moving average of $33.37. The stock has a market capitalization of $52.97 million, a price-to-earnings ratio of 16.58 and a beta of 0.92.

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

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.2304 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.6%.

First Trust S&P 500 Diversified Dividend Aristocrats ETF 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.