FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Shares Down 1.4% – Here’s What Happened

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) shares traded down 1.4% on Monday . The company traded as low as $50.14 and last traded at $49.4330. 358,156 shares changed hands during mid-day trading, a decline of 5% from the average session volume of 378,982 shares. The stock had previously closed at $50.13.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Trading Down 1.4%

The stock has a market capitalization of $3.80 billion, a P/E ratio of 21.48 and a beta of 0.83. The business has a fifty day simple moving average of $48.91 and a 200 day simple moving average of $49.35.

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

Several large investors have recently bought and sold shares of KNG. Trust Co. of Vermont bought a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 3rd quarter worth $30,000. JPMorgan Chase & Co. increased its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 846.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 975 shares of the company’s stock valued at $48,000 after buying an additional 872 shares during the last quarter. Colonial Trust Advisors bought a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 2nd quarter worth approximately $61,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the second quarter valued at approximately $84,000. Finally, SBI Securities Co. Ltd. grew its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 53.3% in the second quarter. SBI Securities Co. Ltd. now owns 2,033 shares of the company’s stock valued at $100,000 after acquiring an additional 707 shares in 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.