First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Trading Up 0.3% – What’s Next?

Shares of First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) rose 0.3% during mid-day trading on Tuesday . The stock traded as high as $39.13 and last traded at $39.05. Approximately 10,142 shares were traded during mid-day trading, a decline of 10% from the average daily volume of 11,230 shares. The stock had previously closed at $38.94.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

The business has a 50-day moving average of $39.62 and a 200 day moving average of $38.61. The company has a market capitalization of $66.39 million, a PE ratio of 17.21 and a beta of 0.96.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a dividend of $0.1549 per share. This represents a $0.62 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Thursday, September 25th.

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

Several large investors have recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in First Trust Dorsey Wright Momentum & Dividend ETF by 35.9% during the first quarter. Cetera Investment Advisers now owns 11,189 shares of the company’s stock valued at $423,000 after purchasing an additional 2,954 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 2nd quarter worth about $547,000. Brookwood Investment Group LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 1st quarter valued at about $5,205,000. GGM Financials LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 2nd quarter valued at about $9,203,000. Finally, Compound Planning Inc. grew its position in First Trust Dorsey Wright Momentum & Dividend ETF by 106.8% in the first quarter. Compound Planning Inc. now owns 29,542 shares of the company’s stock worth $1,116,000 after acquiring an additional 15,257 shares in the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

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.