First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Stock Price Down 0.7% – Here’s What Happened

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) shares fell 0.7% during mid-day trading on Friday . The stock traded as low as $37.02 and last traded at $37.10. 1,228 shares changed hands during 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 Stock Down 0.7%

The business’s fifty day moving average is $36.10 and its two-hundred day moving average is $35.41. The stock has a market cap of $59.36 million, a price-to-earnings 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 announced 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 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change 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 bought and sold shares of KNGZ. Farther Finance Advisors LLC boosted its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 317.4% in the 4th quarter. Farther Finance Advisors LLC now owns 1,173 shares of the company’s stock valued at $42,000 after buying an additional 892 shares during the period. Sound Income Strategies LLC purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the fourth quarter worth approximately $55,000. Susquehanna International Group LLP grew its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 94.1% during the 3rd quarter. Susquehanna International Group LLP now owns 28,031 shares of the company’s stock worth $1,004,000 after acquiring an additional 13,590 shares in the last quarter. 17 Capital Partners LLC acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 3rd quarter worth approximately $251,000. Finally, Raymond James Financial Inc. increased its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 400.9% in the 3rd quarter. Raymond James Financial Inc. now owns 6,737 shares of the company’s stock valued at $241,000 after purchasing an additional 5,392 shares during the last quarter.

About First Trust S&P 500 Diversified Dividend Aristocrats ETF

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.