First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Stock Price Down 0.3% – Time to Sell?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) shares fell 0.3% during mid-day trading on Monday . The company traded as low as $42.39 and last traded at $42.50. 2,629 shares were traded during mid-day trading, a decline of 57% from the average session volume of 6,147 shares. The stock had previously closed at $42.61.

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

The firm’s 50-day moving average price is $41.40 and its two-hundred day moving average price is $39.46. The stock has a market cap of $65.67 million, a price-to-earnings ratio of 16.58 and a beta of 0.87.

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

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.3057 per share. This represents a $1.22 dividend on an annualized basis and a yield of 2.9%. 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 of this dividend was Thursday, June 25th.

Hedge Funds Weigh In On First Trust S&P 500 Diversified Dividend Aristocrats ETF

A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC boosted 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 buying an additional 892 shares during the period. Raymond James Financial Inc. acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 2nd quarter valued at about $45,000. Kestra Advisory Services LLC purchased a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the fourth quarter worth about $77,000. Darwin Wealth Management LLC acquired a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the second quarter worth about $114,000. Finally, Harbour Investments Inc. lifted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 29.3% during the fourth quarter. Harbour Investments Inc. now owns 4,089 shares of the company’s stock worth $146,000 after purchasing an additional 927 shares in 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.