First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) to Issue Quarterly Dividend of $0.18 on June 30th

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIVGet 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

(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.

Recommended Stories

Dividend History for First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)

Receive News & Ratings for First Trust Dorsey Wright Momentum & Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Dorsey Wright Momentum & Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.