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

Shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) traded down 0.2% during trading on Monday . The stock traded as low as $50.34 and last traded at $50.62. 328,714 shares traded hands during mid-day 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 Stock Performance

The company has a fifty day simple moving average of $49.19 and a two-hundred day simple moving average of $49.93. The company has a market capitalization of $3.89 billion, a price-to-earnings ratio of 21.48 and a beta of 0.83.

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

Several institutional investors have recently added to or reduced their stakes in the business. Arkadios Wealth Advisors increased its stake 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 valued at $24,651,000 after purchasing an additional 433,799 shares during the last quarter. Hilton Head Capital Partners LLC purchased a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 4th quarter valued at about $4,671,000. Janney Montgomery Scott LLC grew its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 23.8% in the 1st quarter. Janney Montgomery Scott LLC now owns 385,974 shares of the company’s stock valued at $18,801,000 after buying an additional 74,198 shares during the period. Creative Financial Designs Inc. ADV grew its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 194.4% in the 4th quarter. Creative Financial Designs Inc. ADV now owns 111,138 shares of the company’s stock valued at $5,462,000 after buying an additional 73,389 shares during the period. Finally, 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 4th quarter. Sound Income Strategies LLC now owns 22,481 shares of the company’s stock valued at $1,152,000 after acquiring an additional 22,462 shares during the last quarter.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Company Profile

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.