FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Trading Down 0.2% – Should You Sell?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) shares traded down 0.2% on Monday . The stock traded as low as $50.34 and last traded at $50.62. 328,714 shares changed hands during trading, a decline of 8% from the average session volume of 356,490 shares. The stock had previously closed at $50.70.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Price Performance

The stock has a market capitalization of $3.90 billion, a price-to-earnings ratio of 21.48 and a beta of 0.83. The stock’s 50 day simple moving average is $49.20 and its 200-day simple moving average is $49.94.

Institutional Investors Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Arkadios Wealth Advisors boosted its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 600.2% in the first quarter. Arkadios Wealth Advisors now owns 506,073 shares of the company’s stock worth $24,651,000 after purchasing an additional 433,799 shares in the last quarter. Sunbelt Securities Inc. increased its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 31.5% during the first quarter. Sunbelt Securities Inc. now owns 40,243 shares of the company’s stock worth $1,960,000 after buying an additional 9,639 shares during the last quarter. Resolute Wealth Strategies LLC raised its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 63.6% during the first quarter. Resolute Wealth Strategies LLC now owns 30,354 shares of the company’s stock valued at $1,479,000 after buying an additional 11,804 shares in the last quarter. MTM Investment Management LLC raised its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 32.7% during the first quarter. MTM Investment Management LLC now owns 15,710 shares of the company’s stock valued at $765,000 after buying an additional 3,870 shares in the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the first quarter worth about $433,000.

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. KNG was launched on Mar 26, 2018 and is managed by First Trust.