First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Shares Up 0.6% – Here’s What Happened

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIVGet Free Report) shot up 0.6% on Tuesday . The company traded as high as $44.70 and last traded at $44.70. 1,161 shares traded hands during mid-day 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 Price Performance

The business’s 50-day moving average price is $43.84 and its two-hundred day moving average price is $42.59. The company has a market capitalization of $69.29 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 declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.0937 dividend. This represents a $0.37 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sound Income Strategies LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at approximately $42,000. Kestra Advisory Services LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at approximately $100,000. Ameritas Advisory Services LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the third quarter valued at approximately $121,000. Western Wealth Management LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the first quarter valued at approximately $146,000. Finally, Insight Advisors LLC PA acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at approximately $201,000.

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for First Trust Dorsey Wright Momentum & Dividend ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Dorsey Wright Momentum & Dividend ETF and related companies with MarketBeat.com's FREE daily email newsletter.