Commonwealth Equity Services LLC Acquires 9,797 Shares of First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)

Commonwealth Equity Services LLC increased its position in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) by 2.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 386,181 shares of the company’s stock after acquiring an additional 9,797 shares during the period. Commonwealth Equity Services LLC owned about 20.87% of First Trust Dorsey Wright Momentum & Dividend ETF worth $10,704,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Royal Bank of Canada grew its holdings in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 85.4% in the first quarter. Royal Bank of Canada now owns 1,025 shares of the company’s stock worth $34,000 after acquiring an additional 472 shares during the period. Coastal Investment Advisors Inc. grew its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 31.9% during the fourth quarter. Coastal Investment Advisors Inc. now owns 2,320 shares of the company’s stock valued at $66,000 after purchasing an additional 561 shares during the period. Cetera Advisor Networks LLC boosted its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 10.0% in the fourth quarter. Cetera Advisor Networks LLC now owns 17,321 shares of the company’s stock worth $496,000 after acquiring an additional 1,580 shares during the period. J.W. Cole Advisors Inc. boosted its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 10.0% in the first quarter. J.W. Cole Advisors Inc. now owns 20,023 shares of the company’s stock worth $555,000 after acquiring an additional 1,817 shares during the period. Finally, Raymond James & Associates bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth about $219,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Up 0.8 %

NASDAQ DDIV opened at $28.46 on Tuesday. The firm has a market cap of $46.96 million, a price-to-earnings ratio of 11.55 and a beta of 0.99. The business has a 50-day moving average price of $28.57 and a 200-day moving average price of $27.86. First Trust Dorsey Wright Momentum & Dividend ETF has a twelve month low of $25.76 and a twelve month high of $31.66.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, June 28th were paid a $0.1887 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.65%. The ex-dividend date was Tuesday, June 27th.

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.