First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) Declares Dividend Increase – $0.34 Per Share

by · The Cerbat Gem

First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ – Get Free Report) declared a quarterly dividend on Thursday, December 11th, NASDAQ Dividends reports. Investors of record on Friday, December 12th will be given a dividend of 0.3361 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Friday, December 12th. This is a 45.9% increase from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.23.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Performance

KNGZ stock traded down $0.37 during midday trading on Friday, reaching $36.58. The company’s stock had a trading volume of 1,036 shares, compared to its average volume of 5,275. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 1 year low of $27.61 and a 1 year high of $37.01. The firm has a market capitalization of $54.87 million, a price-to-earnings ratio of 16.58 and a beta of 0.92. The stock has a fifty day simple moving average of $35.39 and a two-hundred day simple moving average of $34.65.

Institutional Investors Weigh In On First Trust S&P 500 Diversified Dividend Aristocrats ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KNGZ. AE Wealth Management LLC grew its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 23.8% in the 2nd quarter. AE Wealth Management LLC now owns 12,019 shares of the company’s stock worth $404,000 after acquiring an additional 2,308 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 31.6% during the first quarter. Goldman Sachs Group Inc. now owns 12,336 shares of the company’s stock valued at $397,000 after acquiring an additional 2,964 shares in the last quarter. Signal Advisors Wealth LLC boosted its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 32.9% in the second quarter. Signal Advisors Wealth LLC now owns 38,739 shares of the company’s stock valued at $1,302,000 after purchasing an additional 9,590 shares during the period. Woodmont Investment Counsel LLC boosted its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 13.7% in the second quarter. Woodmont Investment Counsel LLC now owns 20,978 shares of the company’s stock valued at $705,000 after purchasing an additional 2,532 shares during the period. Finally, Envestnet Portfolio Solutions Inc. bought a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the second quarter worth approximately $1,230,000.

About First Trust S&P 500 Diversified Dividend Aristocrats ETF

(Get Free Report)

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.

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