FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Stock Price Down 0.6% – What’s Next?

Shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) were down 0.6% during trading on Friday . The company traded as low as $49.78 and last traded at $49.92. Approximately 299,949 shares were traded during mid-day trading, The stock had previously closed at $50.21.

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

The business’s 50 day moving average price is $52.59 and its 200-day moving average price is $52.65. The company has a market cap of $2.63 billion, a price-to-earnings ratio of 22.30 and a beta of 0.66.

Institutional Investors Weigh In On FT Vest S&P 500 Dividend Aristocrats Target Income ETF

Several institutional investors and hedge funds have recently made changes to their positions in the company. Sunbelt Securities Inc. boosted its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 43.1% in the 3rd quarter. Sunbelt Securities Inc. now owns 8,952 shares of the company’s stock worth $488,000 after acquiring an additional 2,696 shares in the last quarter. Janney Montgomery Scott LLC raised its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 19.0% in the 3rd quarter. Janney Montgomery Scott LLC now owns 314,956 shares of the company’s stock valued at $17,159,000 after purchasing an additional 50,335 shares during the last quarter. Strategic Blueprint LLC boosted its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 91.4% in the third quarter. Strategic Blueprint LLC now owns 11,810 shares of the company’s stock worth $643,000 after purchasing an additional 5,640 shares in the last quarter. NBC Securities Inc. grew its holdings in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 18.0% during the third quarter. NBC Securities Inc. now owns 31,674 shares of the company’s stock worth $1,725,000 after purchasing an additional 4,842 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 12.2% in the third quarter. Nations Financial Group Inc. IA ADV now owns 80,485 shares of the company’s stock valued at $4,385,000 after buying an additional 8,766 shares in the last quarter.

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.