First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Trading 1.5% Higher – Here’s What Happened

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) rose 1.5% during trading on Monday . The company traded as high as $42.91 and last traded at $42.7550. Approximately 3,922 shares traded hands during trading, a decline of 27% from the average daily volume of 5,361 shares. The stock had previously closed at $42.13.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Up 1.5%

The business has a fifty day moving average price of $40.76 and a two-hundred day moving average price of $39.59. The company has a market cap of $66.27 million, a price-to-earnings ratio of 17.21 and a beta of 0.96.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.2848 dividend. This represents a $1.14 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.15.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Dividend ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Ameritas Advisory Services LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter worth $121,000. J.W. Cole Advisors Inc. purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter valued at about $201,000. Truist Financial Corp purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter valued at about $219,000. KERR FINANCIAL PLANNING Corp acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter worth about $271,000. Finally, Envestnet Asset Management Inc. raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 13.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,068 shares of the company’s stock worth $364,000 after purchasing an additional 1,041 shares in the last quarter.

About First Trust Dorsey Wright Momentum & Dividend ETF

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.