First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV – Get Free Report) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.1843 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 96.7% increase from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09.
First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance
NASDAQ DDIV opened at $45.41 on Friday. The stock has a 50 day moving average price of $44.66 and a 200-day moving average price of $42.97. First Trust Dorsey Wright Momentum & Dividend ETF has a one year low of $37.59 and a one year high of $45.57. The company has a market capitalization of $70.39 million, a P/E ratio of 17.21 and a beta of 0.91.
Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF
Institutional investors have recently bought and sold shares of the business. Synergy Asset Management LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter worth $2,313,000. Concurrent Investment Advisors LLC raised its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 132.0% during the 4th quarter. Concurrent Investment Advisors LLC now owns 79,655 shares of the company’s stock valued at $3,309,000 after buying an additional 45,324 shares in the last quarter. Osaic Holdings Inc. lifted its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 26.1% in the 4th quarter. Osaic Holdings Inc. now owns 160,198 shares of the company’s stock valued at $6,657,000 after acquiring an additional 33,116 shares during the last quarter. Greenline Wealth Management LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at about $585,000. Finally, Cetera Investment Advisers grew its position in First Trust Dorsey Wright Momentum & Dividend ETF by 36.2% in the first quarter. Cetera Investment Advisers now owns 35,748 shares of the company’s stock worth $1,446,000 after acquiring an additional 9,493 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.
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