FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Hits New 52-Week High – Still a Buy?

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG)’s share price reached a new 52-week high during trading on Wednesday. The company traded as high as $53.25 and last traded at $53.20, with a volume of 153,795 shares traded. The stock had previously closed at $51.94.

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

The business has a 50-day simple moving average of $50.08 and a two-hundred day simple moving average of $50.27. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 23.23 and a beta of 0.69.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KNG. Kingswood Wealth Advisors LLC boosted its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 15.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 17,440 shares of the company’s stock worth $840,000 after purchasing an additional 2,294 shares during the period. SBI Securities Co. Ltd. raised its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 6.6% in the third quarter. SBI Securities Co. Ltd. now owns 11,286 shares of the company’s stock valued at $543,000 after purchasing an additional 700 shares during the period. Continuum Advisory LLC acquired a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 2nd quarter worth about $116,000. CoreCap Advisors LLC lifted its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 2.9% during the 2nd quarter. CoreCap Advisors LLC now owns 29,124 shares of the company’s stock worth $1,471,000 after buying an additional 834 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 600.2% during the 1st quarter. Arkadios Wealth Advisors now owns 506,073 shares of the company’s stock worth $24,651,000 after buying an additional 433,799 shares during the period.

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.