First Trust Dorsey Wright Momentum & Dividend ETF Declares Quarterly Dividend of $0.09 (NASDAQ:DDIV)

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) declared a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Investors of record on Thursday, March 26th will be paid a dividend of 0.0937 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 0.9%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

NASDAQ DDIV traded down $0.72 during mid-day trading on Thursday, reaching $39.81. 2,908 shares of the stock were exchanged, compared to its average volume of 6,323. The stock has a market cap of $61.71 million, a P/E ratio of 17.21 and a beta of 0.96. First Trust Dorsey Wright Momentum & Dividend ETF has a one year low of $32.06 and a one year high of $44.36. The stock has a 50 day simple moving average of $42.22 and a 200-day simple moving average of $41.08.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Concurrent Investment Advisors LLC boosted its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 139.6% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 34,331 shares of the company’s stock valued at $1,380,000 after purchasing an additional 20,001 shares in the last quarter. Steward Partners Investment Advisory LLC increased its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 3.5% in the second quarter. Steward Partners Investment Advisory LLC now owns 63,214 shares of the company’s stock worth $2,415,000 after purchasing an additional 2,154 shares in the last quarter. Newbridge Financial Services Group Inc. bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the second quarter worth approximately $1,182,000. Bank of America Corp DE lifted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 6.0% in the third quarter. Bank of America Corp DE now owns 20,131 shares of the company’s stock valued at $809,000 after buying an additional 1,148 shares during the period. Finally, Compound Planning Inc. lifted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 3.4% in the fourth quarter. Compound Planning Inc. now owns 18,437 shares of the company’s stock valued at $766,000 after buying an additional 599 shares during the period.

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.