Darwin Wealth Management LLC Takes Position in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)

Darwin Wealth Management LLC bought a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 3,215 shares of the company’s stock, valued at approximately $111,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Nations Financial Group Inc. IA ADV raised its holdings 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 valued at $551,000 after buying an additional 350 shares during the last quarter. NBC Securities Inc. raised its holdings 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 buying an additional 10,818 shares during the last quarter. Finally, Woodmont Investment Counsel LLC bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF in the third quarter valued at about $372,000.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Up 0.2 %

First Trust S&P 500 Diversified Dividend Aristocrats ETF stock opened at $33.96 on Thursday. The stock has a 50-day simple moving average of $34.11 and a 200 day simple moving average of $32.78. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 12-month low of $27.80 and a 12-month high of $34.91. The stock has a market capitalization of $40.76 million, a price-to-earnings ratio of 15.51 and a beta of 0.83.

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

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.203 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.81 annualized dividend and a yield of 2.39%.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Profile

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.