FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) Sets New 52-Week High – Here’s What Happened

FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG)’s share price hit a new 52-week high during trading on Wednesday. The company traded as high as $53.25 and last traded at $53.20, with a volume of 153,795 shares traded. The stock had previously closed at $51.94.

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

The stock’s 50 day moving average is $50.12 and its two-hundred day moving average is $50.29. The stock has a market capitalization of $3.44 billion, a PE ratio of 23.23 and a beta of 0.69.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Arkadios Wealth Advisors lifted its position in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 600.2% during the 1st quarter. Arkadios Wealth Advisors now owns 506,073 shares of the company’s stock worth $24,651,000 after purchasing an additional 433,799 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 31.5% during the first quarter. Sunbelt Securities Inc. now owns 40,243 shares of the company’s stock worth $1,960,000 after purchasing an additional 9,639 shares in the last quarter. Resolute Wealth Strategies LLC grew its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 63.6% during the first quarter. Resolute Wealth Strategies LLC now owns 30,354 shares of the company’s stock worth $1,479,000 after purchasing an additional 11,804 shares in the last quarter. CoreCap Advisors LLC grew its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 2.9% during the second quarter. CoreCap Advisors LLC now owns 29,124 shares of the company’s stock worth $1,471,000 after purchasing an additional 834 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC grew its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 15.1% during the third quarter. Kingswood Wealth Advisors LLC now owns 17,440 shares of the company’s stock worth $840,000 after purchasing an additional 2,294 shares in the last quarter.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF Company Profile

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. KNG was launched on Mar 26, 2018 and is managed by First Trust.