Virtus Wealth Solutions LLC Lowers Position in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)

Virtus Wealth Solutions LLC reduced its stake in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) by 0.2% in the first quarter, Holdings Channel.com reports. The fund owned 242,781 shares of the company’s stock after selling 529 shares during the period. First Trust Dorsey Wright Momentum & Dividend ETF makes up approximately 2.8% of Virtus Wealth Solutions LLC’s portfolio, making the stock its 9th biggest position. Virtus Wealth Solutions LLC owned approximately 0.12% of First Trust Dorsey Wright Momentum & Dividend ETF worth $9,170,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in DDIV. Wells Fargo & Company MN lifted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 61.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,834 shares of the company’s stock worth $69,000 after purchasing an additional 699 shares during the last quarter. Advisory Services Network LLC bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at $213,000. Sigma Planning Corp bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter valued at about $224,000. Cetera Investment Advisers raised its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 7.9% in the 4th quarter. Cetera Investment Advisers now owns 8,235 shares of the company’s stock worth $311,000 after acquiring an additional 602 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 13.6% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,718 shares of the company’s stock worth $518,000 after purchasing an additional 1,645 shares in the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Down 1.0%

First Trust Dorsey Wright Momentum & Dividend ETF stock opened at $37.55 on Thursday. The company has a market capitalization of $71.35 million, a P/E ratio of 18.37 and a beta of 0.99. First Trust Dorsey Wright Momentum & Dividend ETF has a twelve month low of $32.06 and a twelve month high of $41.08. The stock’s 50 day moving average is $36.93 and its 200 day moving average is $37.72.

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.