First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Trading 0.8% Higher – Here’s What Happened

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)’s share price was up 0.8% during mid-day trading on Friday . The stock traded as high as $38.70 and last traded at $38.63. Approximately 3,036 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 9,691 shares. The stock had previously closed at $38.34.

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

The firm has a market cap of $59.88 million, a P/E ratio of 16.58 and a beta of 0.92. The firm’s 50 day moving average is $37.01 and its 200 day moving average is $35.82.

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

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.3361 per share. This is a boost from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Friday, December 12th. This represents a $1.34 dividend on an annualized basis and a yield of 3.5%.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Osaic Holdings Inc. increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 116.2% in the 2nd quarter. Osaic Holdings Inc. now owns 33,151 shares of the company’s stock worth $1,115,000 after purchasing an additional 17,817 shares in the last quarter. AE Wealth Management LLC raised its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 23.8% during the second quarter. AE Wealth Management LLC now owns 12,019 shares of the company’s stock valued at $404,000 after purchasing an additional 2,308 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the second quarter valued at approximately $1,230,000. Private Trust Co. NA purchased a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the second quarter worth approximately $51,000. Finally, Janney Montgomery Scott LLC grew its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 23.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 13,045 shares of the company’s stock worth $439,000 after purchasing an additional 2,442 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.