First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Stock Price Up 1.3% – Still a Buy?

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) shares were up 1.3% during trading on Thursday . The stock traded as high as $47.44 and last traded at $47.33. 3,778 shares traded hands during trading, a decline of 27% from the average daily volume of 5,157 shares. The stock had previously closed at $46.73.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

The business has a 50-day simple moving average of $45.15 and a two-hundred day simple moving average of $43.38. The company has a market capitalization of $71.00 million, a price-to-earnings ratio of 17.21 and a beta of 0.91.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.1843 per share. This represents a $0.74 annualized dividend and a dividend yield of 1.6%. This is a boost from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.09. The ex-dividend date was Thursday, June 25th.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

Hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. lifted its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 26.1% in the 4th quarter. Osaic Holdings Inc. now owns 160,198 shares of the company’s stock valued at $6,657,000 after buying an additional 33,116 shares during the period. LPL Financial LLC raised its position in First Trust Dorsey Wright Momentum & Dividend ETF by 2.4% in the fourth quarter. LPL Financial LLC now owns 142,020 shares of the company’s stock worth $5,900,000 after acquiring an additional 3,394 shares in the last quarter. Concurrent Investment Advisors LLC lifted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 132.0% in the fourth quarter. Concurrent Investment Advisors LLC now owns 79,655 shares of the company’s stock valued at $3,309,000 after acquiring an additional 45,324 shares during the period. Kesler Norman & Wride LLC lifted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 13.7% in the fourth quarter. Kesler Norman & Wride LLC now owns 57,750 shares of the company’s stock valued at $2,399,000 after acquiring an additional 6,962 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at $2,313,000.

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.