First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Trading 0.6% Higher – Still a Buy?

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)’s stock price traded up 0.6% during mid-day trading on Tuesday . The stock traded as high as $44.70 and last traded at $44.70. 1,161 shares traded 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 Trading Up 0.4%

The company has a 50-day moving average of $44.04 and a 200-day moving average of $42.67. The company has a market capitalization of $69.60 million, a price-to-earnings ratio of 17.21 and a beta of 0.91.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors 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 of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its position in First Trust Dorsey Wright Momentum & Dividend ETF by 26.1% during the 4th quarter. Osaic Holdings Inc. now owns 160,198 shares of the company’s stock valued at $6,657,000 after buying an additional 33,116 shares in the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 2.4% in the fourth quarter. LPL Financial LLC now owns 142,020 shares of the company’s stock valued at $5,900,000 after purchasing an additional 3,394 shares during the period. Concurrent Investment Advisors LLC increased its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 132.0% in the fourth quarter. Concurrent Investment Advisors LLC now owns 79,655 shares of the company’s stock valued at $3,309,000 after purchasing an additional 45,324 shares during the period. Kesler Norman & Wride LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 13.7% in 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 purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in 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.