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) were down 0.6% during mid-day trading on Friday . The company traded as low as $49.78 and last traded at $49.92. Approximately 299,949 shares were traded during trading, The stock had previously closed at $50.21.

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

The firm has a market capitalization of $2.63 billion, a P/E ratio of 22.30 and a beta of 0.66. The company’s 50 day moving average price is $52.59 and its 200 day moving average price is $52.65.

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

A number of institutional investors and hedge funds have recently made changes to their positions in KNG. Sunbelt Securities Inc. boosted its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 43.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 8,952 shares of the company’s stock valued at $488,000 after purchasing an additional 2,696 shares during the last quarter. Nations Financial Group Inc. IA ADV lifted its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 12.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 80,485 shares of the company’s stock valued at $4,385,000 after buying an additional 8,766 shares during the period. Janney Montgomery Scott LLC boosted its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 19.0% in the third quarter. Janney Montgomery Scott LLC now owns 314,956 shares of the company’s stock valued at $17,159,000 after acquiring an additional 50,335 shares during the last quarter. Creative Financial Designs Inc. ADV acquired a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 3rd quarter worth $427,000. Finally, Strategic Blueprint LLC raised its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 91.4% during 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 last quarter.

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.