First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ)
First Trust S&P 500 Diversified Dividend Aristocrats ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $41.11, up 0.77% on the session, giving a market capitalisation of $62.5M. Its beta of 0.89 implies it has historically moved less than the broad market.
The First Trust S&P 500 Diversified Dividend Aristocrats ETF (KNGZ) endeavors to achieve investment results that broadly mirror the market price movements and income stream (before its own operational costs) of a specific equity benchmark. This benchmark is known as the S&P 500 Sector-Neutral Dividend Aristocrats Index. Under typical market conditions, the Fund commits a minimum of 90% of its net assets (including any borrowed capital utilized for investment) to the securities that make up this Index. Adopting a passive indexing strategy, the Fund aims to precisely replicate, prior to its fees and expenses, the Index's comprehensive total return, which naturally includes all dividends distributed by the common stocks within it.
First Trust S&P 500 Diversified Dividend Aristocrats ETF is most often compared with the following Financial Services names: