Raymond James & Associates Acquires New Position in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)

Raymond James & Associates bought a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 7,914 shares of the company’s stock, valued at approximately $241,000.

Separately, Kesler Norman & Wride LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the third quarter valued at approximately $1,698,000.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

Shares of DDIV stock opened at $32.95 on Tuesday. First Trust Dorsey Wright Momentum & Dividend ETF has a 1-year low of $26.31 and a 1-year high of $34.14. The firm has a market capitalization of $46.13 million, a PE ratio of 13.36 and a beta of 0.99. The business’s fifty day moving average price is $32.69 and its 200 day moving average price is $30.41.

First Trust Dorsey Wright Momentum & Dividend ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a dividend of $0.1363 per share. This represents a $0.55 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date was Thursday, March 21st.

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.