First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Shares Up 0.2% – Here’s Why

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)’s share price shot up 0.2% during trading on Tuesday . The stock traded as high as $45.11 and last traded at $45.08. 5,352 shares traded hands during trading, a decline of 9% from the average session volume of 5,889 shares. The stock had previously closed at $44.98.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Up 0.2%

The company has a 50-day moving average of $42.44 and a 200 day moving average of $42.04. The firm has a market capitalization of $69.87 million, a PE ratio of 17.21 and a beta of 0.93.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

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

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

Several hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 26.1% during the fourth quarter. Osaic Holdings Inc. now owns 160,198 shares of the company’s stock worth $6,657,000 after purchasing an additional 33,116 shares during the last quarter. LPL Financial LLC lifted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 2.4% during the fourth quarter. LPL Financial LLC now owns 142,020 shares of the company’s stock worth $5,900,000 after purchasing an additional 3,394 shares during the last quarter. Concurrent Investment Advisors LLC lifted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 132.0% during the fourth quarter. Concurrent Investment Advisors LLC now owns 79,655 shares of the company’s stock worth $3,309,000 after purchasing an additional 45,324 shares during the last quarter. Kesler Norman & Wride LLC lifted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 13.7% during the fourth quarter. Kesler Norman & Wride LLC now owns 57,750 shares of the company’s stock worth $2,399,000 after purchasing an additional 6,962 shares during the last quarter. Finally, Synergy Asset Management LLC bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth about $2,313,000.

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.