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First Trust Advisors L.P. announced the successful reorganization of the Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF into the FT Cboe Vest S&P 500® Dividend Aristocrats Target Income ETF (stock symbol: KNG). This transition aims to provide income similar to high dividend payers while offering lower volatility and greater total return potential. With over $1.6B in assets as of January 29, 2021, the fund, managed by Cboe Vest, seeks to generate annualized income approximately 3% over the S&P 500 index's yield.
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