First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Trading Down 0.7% – What’s Next?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)’s stock price traded down 0.7% during mid-day trading on Tuesday . The stock traded as low as $40.29 and last traded at $40.40. 2,248 shares were traded during mid-day trading, a decline of 65% from the average daily volume of 6,472 shares. The stock had previously closed at $40.68.

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

The stock has a 50 day moving average of $39.71 and a 200 day moving average of $37.91. The firm has a market cap of $64.50 million, a P/E ratio of 16.58 and a beta of 0.86.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a dividend of $0.3057 per share. This is a boost from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, June 25th. This represents a $1.22 annualized dividend and a dividend yield of 3.0%.

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

A number of hedge funds have recently bought and sold shares of KNGZ. D.A. Davidson & CO. raised its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.2% during the first quarter. D.A. Davidson & CO. now owns 61,936 shares of the company’s stock worth $2,231,000 after acquiring an additional 1,349 shares in the last quarter. Signal Advisors Wealth LLC boosted its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 1.3% in the 1st quarter. Signal Advisors Wealth LLC now owns 46,564 shares of the company’s stock valued at $1,677,000 after purchasing an additional 599 shares in the last quarter. 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. 17 Capital Partners LLC bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 3rd quarter valued at $251,000. Finally, Raymond James Financial Inc. raised its position in 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 worth $241,000 after purchasing an additional 5,392 shares during the period.

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.