LPL Financial LLC Has $12.44 Million Holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)

LPL Financial LLC increased its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) by 2.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 386,115 shares of the company’s stock after acquiring an additional 9,444 shares during the period. LPL Financial LLC owned about 26.63% of First Trust S&P 500 Diversified Dividend Aristocrats ETF worth $12,440,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. D.A. Davidson & CO. raised its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 88.7% in the 4th quarter. D.A. Davidson & CO. now owns 63,997 shares of the company’s stock valued at $2,062,000 after purchasing an additional 30,079 shares during the period. Kovack Advisors Inc. raised its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 100.0% in the 4th quarter. Kovack Advisors Inc. now owns 36,000 shares of the company’s stock valued at $1,160,000 after buying an additional 18,000 shares during the last quarter. International Assets Investment Management LLC bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 4th quarter valued at approximately $233,000. Harbour Investments Inc. acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter worth approximately $192,000. Finally, Tandem Financial LLC bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter worth approximately $32,000.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Trading Up 0.4 %

Shares of KNGZ opened at $32.25 on Thursday. The stock has a market capitalization of $46.76 million, a price-to-earnings ratio of 17.05 and a beta of 0.97. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 12 month low of $29.87 and a 12 month high of $35.34. The firm has a fifty day simple moving average of $33.05 and a 200 day simple moving average of $33.50.

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

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.1558 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.93%.

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.