Janney Montgomery Scott LLC Makes New $342,000 Investment in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ)

Janney Montgomery Scott LLC purchased a new stake in First Trust S&P 500 Diversified Dividend Aristocrats ETF (NASDAQ:KNGZ) in the 1st quarter, HoldingsChannel.com reports. The firm purchased 10,603 shares of the company’s stock, valued at approximately $342,000.

Other large investors have also modified their holdings of the company. Harbour Investments Inc. purchased a new position in First Trust S&P 500 Diversified Dividend Aristocrats ETF during the fourth quarter valued at approximately $192,000. Cetera Investment Advisers boosted its position in First Trust S&P 500 Diversified Dividend Aristocrats ETF by 5.6% during the 4th quarter. Cetera Investment Advisers now owns 9,682 shares of the company’s stock valued at $312,000 after acquiring an additional 513 shares in the last quarter. Woodmont Investment Counsel LLC increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 41.1% in the 4th quarter. Woodmont Investment Counsel LLC now owns 15,256 shares of the company’s stock valued at $492,000 after acquiring an additional 4,440 shares during the period. NBC Securities Inc. increased its holdings in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 121,168.8% in the 1st quarter. NBC Securities Inc. now owns 19,403 shares of the company’s stock valued at $624,000 after acquiring an additional 19,387 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of First Trust S&P 500 Diversified Dividend Aristocrats ETF by 50.3% in the 4th quarter. Envestnet Asset Management Inc. now owns 21,378 shares of the company’s stock worth $689,000 after acquiring an additional 7,157 shares in the last quarter.

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

Shares of NASDAQ KNGZ opened at $34.58 on Friday. First Trust S&P 500 Diversified Dividend Aristocrats ETF has a 1-year low of $27.61 and a 1-year high of $35.34. The business has a fifty day moving average price of $32.52 and a 200 day moving average price of $32.29. The stock has a market capitalization of $51.87 million, a P/E ratio of 16.80 and a beta of 0.92.

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

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were issued a $0.2429 dividend. The ex-dividend date of this dividend was Thursday, June 26th. This is an increase from First Trust S&P 500 Diversified Dividend Aristocrats ETF’s previous quarterly dividend of $0.16. This represents a $0.97 dividend on an annualized basis and a yield of 2.81%.

First Trust S&P 500 Diversified Dividend Aristocrats ETF Company 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.