First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Trading Down 0.7% – Should You Sell?

Shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) traded down 0.7% during trading on Friday . The company traded as low as $37.02 and last traded at $37.10. 1,228 shares were traded during mid-day trading, a decline of 91% from the average session volume of 13,809 shares. The stock had previously closed at $37.35.

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

The company has a fifty day moving average price of $36.10 and a 200 day moving average price of $35.40. The company has a market capitalization of $59.36 million, a P/E ratio of 16.58 and a beta of 0.92.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.3361 per share. This represents a $1.34 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.23.

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 the stock. Farther Finance Advisors LLC grew its position in shares of 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 worth $42,000 after acquiring an additional 892 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 2nd quarter valued at about $45,000. Sound Income Strategies LLC bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 4th quarter valued at about $55,000. Private Trust Co. NA acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 2nd quarter valued at about $51,000. Finally, Darwin Wealth Management LLC bought a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 2nd quarter worth about $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.