27,706 Shares in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Acquired by OLD Mission Capital LLC

OLD Mission Capital LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 27,706 shares of the company’s stock, valued at approximately $1,046,000.

Several other hedge funds also recently modified their holdings of DDIV. Independent Advisor Alliance acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at $3,744,000. J.W. Cole Advisors Inc. acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at about $203,000. Janney Montgomery Scott LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter valued at about $203,000. Sigma Planning Corp acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter worth approximately $224,000. Finally, Commonwealth Equity Services LLC raised its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 4.6% in the 4th quarter. Commonwealth Equity Services LLC now owns 168,995 shares of the company’s stock worth $6,383,000 after purchasing an additional 7,384 shares in the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

Shares of NASDAQ:DDIV opened at $35.90 on Friday. The stock has a market capitalization of $70.01 million, a price-to-earnings ratio of 19.47 and a beta of 0.99. First Trust Dorsey Wright Momentum & Dividend ETF has a 1-year low of $32.02 and a 1-year high of $41.08. The company has a 50 day moving average price of $38.68 and a 200 day moving average price of $38.50.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.1822 dividend. This represents a $0.73 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Thursday, March 27th.

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.