LPL Financial LLC Has $12.44 Million Stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)

LPL Financial LLC lifted its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) by 2.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 386,115 shares of the company’s stock after purchasing an additional 9,444 shares during the quarter. LPL Financial LLC owned approximately 0.27% of First Trust S&P 500 Diversified Dividend Aristocrats ETF worth $12,440,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter worth about $233,000. Tandem Financial LLC bought a new stake in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter valued at about $32,000. D.A. Davidson & CO. grew its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 88.7% during the fourth quarter. D.A. Davidson & CO. now owns 63,997 shares of the company’s stock worth $2,062,000 after purchasing an additional 30,079 shares during the period. Kovack Advisors Inc. lifted its stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 100.0% in the fourth quarter. Kovack Advisors Inc. now owns 36,000 shares of the company’s stock valued at $1,160,000 after buying an additional 18,000 shares during the period. Finally, Harbour Investments Inc. bought a new position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF during the 4th quarter worth approximately $192,000.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Stock Up 0.4 %

Shares of KNGZ stock opened at $32.25 on Thursday. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 52 week low of $29.87 and a 52 week high of $35.34. The firm has a 50 day moving average of $33.05 and a 200-day moving average of $33.50. The company has a market cap of $46.76 million, a price-to-earnings ratio of 17.05 and a beta of 0.97.

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

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a $0.1558 dividend. This represents a $0.62 annualized dividend and a yield of 1.93%. The ex-dividend date was Thursday, March 27th.

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.