First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Shares Down 0.2%

Shares of First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) fell 0.2% on Wednesday . The company traded as low as $32.06 and last traded at $32.14. 11,586 shares changed hands during trading, an increase of 111% from the average session volume of 5,490 shares. The stock had previously closed at $32.22.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

The company has a market cap of $43.39 million, a P/E ratio of 11.55 and a beta of 0.99. The stock has a 50-day moving average of $32.33 and a two-hundred day moving average of $30.10.

First Trust Dorsey Wright Momentum & Dividend ETF Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were given a dividend of $0.1363 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.70%. The ex-dividend date of this dividend was Thursday, March 21st.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 85.4% during the 1st quarter. Royal Bank of Canada now owns 1,025 shares of the company’s stock valued at $34,000 after purchasing an additional 472 shares during the last quarter. Kestra Advisory Services LLC purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter valued at $224,000. Raymond James & Associates purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter worth $219,000. Citadel Advisors LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 2nd quarter worth $232,000. Finally, Money Concepts Capital Corp boosted its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 3,819.6% in the 4th quarter. Money Concepts Capital Corp now owns 8,192 shares of the company’s stock worth $234,000 after buying an additional 7,983 shares during 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.