First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Stock Price Down 0.9% – Time to Sell?

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)’s share price dropped 0.9% during trading on Thursday . The company traded as low as $46.96 and last traded at $47.02. Approximately 3,906 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 6,068 shares. The stock had previously closed at $47.47.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Up 0.7%

The stock’s 50 day moving average is $45.91 and its two-hundred day moving average is $43.91. The stock has a market cap of $75.65 million, a price-to-earnings ratio of 17.21 and a beta of 0.91.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1843 per share. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 13.0% during the third quarter. Envestnet Asset Management Inc. now owns 9,068 shares of the company’s stock valued at $364,000 after acquiring an additional 1,041 shares during the period. UBS Group AG increased its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 25.3% in the 3rd quarter. UBS Group AG now owns 20,251 shares of the company’s stock worth $814,000 after acquiring an additional 4,095 shares during the period. Raymond James Financial Inc. lifted its position in First Trust Dorsey Wright Momentum & Dividend ETF by 10.9% in the 3rd quarter. Raymond James Financial Inc. now owns 23,306 shares of the company’s stock valued at $937,000 after purchasing an additional 2,285 shares during the last quarter. Bank of America Corp DE lifted its position in First Trust Dorsey Wright Momentum & Dividend ETF by 6.0% in the 3rd quarter. Bank of America Corp DE now owns 20,131 shares of the company’s stock valued at $809,000 after purchasing an additional 1,148 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter valued at about $42,000.

About First Trust Dorsey Wright Momentum & Dividend ETF

The First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an index of 50 large- and mid-cap, high-yield stocks exhibiting relative strength. Holdings are weighted by dividend yield. DDIV was launched on Mar 10, 2014 and is managed by First Trust.