First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ – Get Free Report) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totalling 16,200 shares, a decline of 7.4% from the September 30th total of 17,500 shares. Based on an average daily trading volume, of 3,000 shares, the days-to-cover ratio is currently 5.4 days.
Hedge Funds Weigh In On First Trust S&P 500 Diversified Dividend Aristocrats ETF
Institutional investors have recently made changes to their positions in the business. Private Advisor Group LLC acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the 1st quarter valued at approximately $734,000. NBC Securities Inc. boosted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 1,138.7% in the third quarter. NBC Securities Inc. now owns 11,768 shares of the company’s stock valued at $404,000 after acquiring an additional 10,818 shares during the period. Private Portfolio Partners LLC bought a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the first quarter valued at approximately $309,000. Finally, Nations Financial Group Inc. IA ADV grew its stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 2.0% in the second quarter. Nations Financial Group Inc. IA ADV now owns 17,543 shares of the company’s stock worth $551,000 after acquiring an additional 350 shares during the last quarter.
First Trust S&P 500 Diversified Dividend Aristocrats ETF Price Performance
Shares of NASDAQ KNGZ traded down $0.27 during trading hours on Thursday, hitting $33.68. 185,275 shares of the stock were exchanged, compared to its average volume of 5,793. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a one year low of $26.14 and a one year high of $34.91. The company’s 50 day moving average is $33.85 and its 200 day moving average is $32.38. The firm has a market capitalization of $40.42 million, a P/E ratio of 15.51 and a beta of 0.83.
First Trust S&P 500 Diversified Dividend Aristocrats ETF Cuts Dividend
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.
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