First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Shares Down 0.2%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) shares dropped 0.2% during mid-day trading on Wednesday . The stock traded as low as $32.06 and last traded at $32.14. Approximately 11,586 shares traded hands during mid-day trading, an increase of 111% from the average daily volume of 5,490 shares. The stock had previously closed at $32.22.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

The stock has a market capitalization of $43.39 million, a P/E ratio of 11.55 and a beta of 0.99. The company has a 50 day simple moving average of $32.33 and a 200-day simple moving average of $30.10.

First Trust Dorsey Wright Momentum & Dividend ETF Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a $0.1363 dividend. The ex-dividend date was Thursday, March 21st. This represents a $0.55 annualized dividend and a dividend yield of 1.70%.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Several hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 4.6% in the second quarter. Osaic Holdings Inc. now owns 8,346 shares of the company’s stock valued at $237,000 after buying an additional 369 shares during the period. Royal Bank of Canada raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 85.4% during the 1st quarter. Royal Bank of Canada now owns 1,025 shares of the company’s stock valued at $34,000 after purchasing an additional 472 shares during the period. Cambridge Investment Research Advisors Inc. raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 4.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 10,451 shares of the company’s stock valued at $290,000 after purchasing an additional 472 shares during the period. Prospera Financial Services Inc raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 6.0% during the 1st quarter. Prospera Financial Services Inc now owns 12,831 shares of the company’s stock valued at $356,000 after purchasing an additional 730 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 4.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 20,129 shares of the company’s stock valued at $612,000 after purchasing an additional 872 shares during the period.

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.