First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Stock Price Down 0.3% – Time to Sell?

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)’s share price fell 0.3% on Monday . The stock traded as low as $42.39 and last traded at $42.50. Approximately 2,629 shares were traded during mid-day trading, a decline of 57% from the average daily volume of 6,147 shares. The stock had previously closed at $42.61.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Down 0.3%

The company has a market cap of $65.88 million, a PE ratio of 16.58 and a beta of 0.87. The stock has a 50-day moving average of $41.37 and a 200-day moving average of $39.44.

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

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.3057 dividend. The ex-dividend date was Thursday, June 25th. This represents a $1.22 dividend on an annualized basis and a yield of 2.9%. This is an increase from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16.

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

A number of large investors have recently modified their holdings of the business. Kestra Advisory Services LLC bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the fourth quarter valued at approximately $77,000. Commonwealth Equity Services LLC increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 6.2% in the 4th quarter. Commonwealth Equity Services LLC now owns 7,555 shares of the company’s stock worth $271,000 after buying an additional 438 shares during the last quarter. 17 Capital Partners LLC bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 3rd quarter worth $251,000. Raymond James Financial Inc. raised its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 400.9% during the 3rd quarter. Raymond James Financial Inc. now owns 6,737 shares of the company’s stock valued at $241,000 after buying an additional 5,392 shares in the last quarter. Finally, Orion Porfolio Solutions LLC purchased a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 3rd quarter valued at $282,000.

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.