J.W. Cole Advisors Inc. Trims Position in First Trust S&P 500 Diversified Dividend Aristocrats ETF $KNGZ

J.W. Cole Advisors Inc. reduced its holdings in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) by 10.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,448 shares of the company’s stock after selling 1,830 shares during the quarter. J.W. Cole Advisors Inc. owned approximately 1.10% of First Trust S&P 500 Diversified Dividend Aristocrats ETF worth $553,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Cetera Investment Advisers boosted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 15.2% in the first quarter. Cetera Investment Advisers now owns 11,150 shares of the company’s stock worth $359,000 after acquiring an additional 1,468 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 31.6% in the 1st quarter. Goldman Sachs Group Inc. now owns 12,336 shares of the company’s stock valued at $397,000 after purchasing an additional 2,964 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 32.9% during the 2nd quarter. Signal Advisors Wealth LLC now owns 38,739 shares of the company’s stock worth $1,302,000 after buying an additional 9,590 shares during the last quarter. Farther Finance Advisors LLC acquired a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF in the second quarter valued at $95,000. Finally, Janney Montgomery Scott LLC lifted its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 23.0% during the second quarter. Janney Montgomery Scott LLC now owns 13,045 shares of the company’s stock valued at $439,000 after buying an additional 2,442 shares in the last quarter.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Price Performance

Shares of KNGZ opened at $35.35 on Tuesday. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 12 month low of $27.61 and a 12 month high of $36.21. The stock’s 50-day moving average is $35.29 and its two-hundred day moving average is $34.46. The stock has a market cap of $53.03 million, a PE ratio of 16.58 and a beta of 0.92.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.2304 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.92 annualized dividend and a yield of 2.6%.

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.