Compound Planning Inc. Sells 13,117 Shares of First Trust Dorsey Wright Momentum & Dividend ETF $DDIV

Compound Planning Inc. trimmed its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) by 42.4% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 17,838 shares of the company’s stock after selling 13,117 shares during the quarter. Compound Planning Inc.’s holdings in First Trust Dorsey Wright Momentum & Dividend ETF were worth $717,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DDIV. Newbridge Financial Services Group Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the second quarter worth approximately $1,182,000. Concurrent Investment Advisors LLC grew its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 139.6% during the third quarter. Concurrent Investment Advisors LLC now owns 34,331 shares of the company’s stock valued at $1,380,000 after buying an additional 20,001 shares during the last quarter. Truist Financial Corp purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter worth about $219,000. J.W. Cole Advisors Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter valued at about $201,000. Finally, Ameritas Advisory Services LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the 3rd quarter worth approximately $121,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

Shares of DDIV stock opened at $42.75 on Friday. The company has a market capitalization of $66.27 million, a P/E ratio of 17.21 and a beta of 0.96. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $32.06 and a fifty-two week high of $44.36. The stock has a 50 day moving average price of $42.83 and a two-hundred day moving average price of $40.86.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.2848 dividend. 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. This represents a $1.14 dividend on an annualized basis and a dividend yield of 2.7%.

First Trust Dorsey Wright Momentum & Dividend ETF 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.