FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Hits New 12-Month Low – Should You Sell?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG)’s share price reached a new 52-week low on Thursday . The stock traded as low as $47.68 and last traded at $47.95, with a volume of 57537 shares traded. The stock had previously closed at $48.59.

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

The stock has a market capitalization of $3.71 billion, a P/E ratio of 21.48 and a beta of 0.83. The firm’s 50 day moving average price is $49.01 and its 200 day moving average price is $49.82.

Hedge Funds Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

Institutional investors have recently bought and sold shares of the stock. Sound Income Strategies LLC increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 118,221.1% during the fourth quarter. Sound Income Strategies LLC now owns 22,481 shares of the company’s stock valued at $1,152,000 after purchasing an additional 22,462 shares in the last quarter. Sunbelt Securities Inc. increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 137.1% during the third quarter. Sunbelt Securities Inc. now owns 25,501 shares of the company’s stock valued at $1,257,000 after purchasing an additional 14,745 shares in the last quarter. Creative Financial Designs Inc. ADV increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 194.4% during the fourth quarter. Creative Financial Designs Inc. ADV now owns 111,138 shares of the company’s stock valued at $5,462,000 after purchasing an additional 73,389 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 7.4% during the fourth quarter. Farther Finance Advisors LLC now owns 136,946 shares of the company’s stock valued at $6,731,000 after purchasing an additional 9,468 shares in the last quarter. Finally, Pinnacle Bancorp Inc. increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 20.3% during the fourth quarter. Pinnacle Bancorp Inc. now owns 7,112 shares of the company’s stock valued at $350,000 after purchasing an additional 1,200 shares in 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. KNG was launched on Mar 26, 2018 and is managed by First Trust.