First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Shares Up 0.6% – Here’s What Happened

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIVGet Free Report) shares traded up 0.6% during trading on Tuesday . The stock traded as high as $44.70 and last traded at $44.70. 1,161 shares changed hands during trading, a decline of 79% from the average session volume of 5,419 shares. The stock had previously closed at $44.45.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

The firm has a market capitalization of $69.29 million, a price-to-earnings ratio of 17.21 and a beta of 0.91. The firm’s 50-day simple moving average is $43.84 and its 200 day simple moving average is $42.59.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0937 per share. This represents a $0.37 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth $42,000. Kestra Advisory Services LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth $100,000. Ameritas Advisory Services LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter worth $121,000. Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the first quarter worth $146,000. Finally, Insight Advisors LLC PA bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth $201,000.

About First Trust Dorsey Wright Momentum & Dividend ETF

(Get Free Report)

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.

Further Reading

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