SlateStone Wealth LLC Trims Stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF $KNG

SlateStone Wealth LLC lowered its position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 249,208 shares of the company’s stock after selling 11,378 shares during the quarter. FT Vest S&P 500 Dividend Aristocrats Target Income ETF comprises about 1.0% of SlateStone Wealth LLC’s portfolio, making the stock its 29th largest position. SlateStone Wealth LLC owned 0.32% of FT Vest S&P 500 Dividend Aristocrats Target Income ETF worth $12,249,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sound Income Strategies LLC raised its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 118,221.1% in the fourth quarter. Sound Income Strategies LLC now owns 22,481 shares of the company’s stock valued at $1,152,000 after acquiring an additional 22,462 shares during the period. Sunbelt Securities Inc. raised its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 137.1% in the third quarter. Sunbelt Securities Inc. now owns 25,501 shares of the company’s stock valued at $1,257,000 after acquiring an additional 14,745 shares during the period. Creative Financial Designs Inc. ADV raised its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 194.4% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 111,138 shares of the company’s stock valued at $5,462,000 after acquiring an additional 73,389 shares during the period. Argent Advisors Inc. raised its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 12.0% in the fourth quarter. Argent Advisors Inc. now owns 151,941 shares of the company’s stock valued at $7,468,000 after acquiring an additional 16,291 shares during the period. Finally, Farther Finance Advisors LLC raised its stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 7.4% in the fourth quarter. Farther Finance Advisors LLC now owns 136,946 shares of the company’s stock valued at $6,731,000 after acquiring an additional 9,468 shares during the period.

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

KNG stock opened at $48.93 on Friday. The company has a market capitalization of $3.76 billion, a PE ratio of 21.48 and a beta of 0.83. FT Vest S&P 500 Dividend Aristocrats Target Income ETF has a 12 month low of $47.68 and a 12 month high of $53.20. The firm’s 50-day moving average is $48.88 and its 200 day moving average is $49.83.

FT Vest S&P 500 Dividend Aristocrats Target Income ETF 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.