Cambridge Investment Research Advisors Inc. Buys 249,438 Shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG)

Cambridge Investment Research Advisors Inc. boosted its stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF (BATS:KNG) by 273.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 340,782 shares of the company’s stock after acquiring an additional 249,438 shares during the period. Cambridge Investment Research Advisors Inc. owned 2.19% of FT Vest S&P 500 Dividend Aristocrats Target Income ETF worth $17,612,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KNG. VitalStone Financial LLC purchased a new stake in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 3rd quarter worth about $103,000. NBC Securities Inc. bought a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the third quarter valued at approximately $519,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of FT Vest S&P 500 Dividend Aristocrats Target Income ETF during the 4th quarter valued at approximately $624,000. Private Trust Co. NA boosted its holdings in FT Vest S&P 500 Dividend Aristocrats Target Income ETF by 386.2% in the 4th quarter. Private Trust Co. NA now owns 13,595 shares of the company’s stock worth $703,000 after buying an additional 10,799 shares during the period. Finally, Triumph Capital Management purchased a new position in FT Vest S&P 500 Dividend Aristocrats Target Income ETF in the 4th quarter valued at approximately $1,081,000.

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

KNG stock traded up $0.11 during midday trading on Friday, reaching $51.45. 167,425 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $52.31 and a 200-day moving average price of $51.45. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 22.30 and a beta of 0.66.

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.