FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Shares Down 0.6% – Here’s Why

Shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) fell 0.6% during mid-day trading on Friday . The company traded as low as $49.78 and last traded at $49.92. 299,949 shares changed hands during trading, The stock had previously closed at $50.21.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Stock Up 0.5 %

The firm has a market cap of $2.63 billion, a PE ratio of 22.30 and a beta of 0.66. The business has a 50 day simple moving average of $52.59 and a two-hundred day simple moving average of $52.66.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KNG. Janney Montgomery Scott LLC boosted its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 19.0% during the third quarter. Janney Montgomery Scott LLC now owns 314,956 shares of the company’s stock valued at $17,159,000 after purchasing an additional 50,335 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 13.3% in the third quarter. Arkadios Wealth Advisors now owns 360,911 shares of the company’s stock valued at $19,662,000 after purchasing an additional 42,316 shares during the period. Nations Financial Group Inc. IA ADV raised its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 12.2% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 80,485 shares of the company’s stock worth $4,385,000 after buying an additional 8,766 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 3rd quarter valued at $427,000. Finally, Strategic Blueprint LLC grew its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 91.4% in the 3rd quarter. Strategic Blueprint LLC now owns 11,810 shares of the company’s stock valued at $643,000 after acquiring an additional 5,640 shares during the period.

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

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.