First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) to Issue Quarterly Dividend of $0.18

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) announced a quarterly dividend on Wednesday, September 23rd. Stockholders of record on Thursday, September 24th will be paid a dividend of 0.1757 per share on Wednesday, September 30th. This represents a c) annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Thursday, September 24th.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

Shares of First Trust Dorsey Wright Momentum & Dividend ETF stock opened at $44.59 on Thursday. The firm has a market cap of $73.57 million, a price-to-earnings ratio of 17.21 and a beta of 0.90. The stock has a 50-day simple moving average of $46.59 and a 200-day simple moving average of $44.67. First Trust Dorsey Wright Momentum & Dividend ETF has a 52-week low of $38.69 and a 52-week high of $47.84.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Large investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers raised its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 36.2% during the 1st quarter. Cetera Investment Advisers now owns 35,748 shares of the company’s stock valued at $1,446,000 after purchasing an additional 9,493 shares in the last quarter. Kesler Norman & Wride LLC increased its position in First Trust Dorsey Wright Momentum & Dividend ETF by 13.7% during the fourth quarter. Kesler Norman & Wride LLC now owns 57,750 shares of the company’s stock worth $2,399,000 after buying an additional 6,962 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 6.9% during the second quarter. Concurrent Investment Advisors LLC now owns 91,063 shares of the company’s stock valued at $4,106,000 after buying an additional 5,868 shares in the last quarter. Insight Advisors LLC PA acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth about $201,000. Finally, Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 1st quarter worth about $146,000.

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.