Citadel Advisors LLC Decreases Stake in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)

Citadel Advisors LLC reduced its holdings in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) by 48.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,158 shares of the company’s stock after selling 10,498 shares during the period. Citadel Advisors LLC owned approximately 0.56% of First Trust Dorsey Wright Momentum & Dividend ETF worth $421,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Virtus Wealth Solutions LLC purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter worth approximately $9,190,000. Independent Advisor Alliance purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth approximately $3,744,000. Kesler Norman & Wride LLC purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth approximately $1,918,000. OLD Mission Capital LLC purchased a new position in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth approximately $1,046,000. Finally, Raymond James Financial Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth $719,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Up 0.2%

NASDAQ DDIV opened at $37.65 on Wednesday. First Trust Dorsey Wright Momentum & Dividend ETF has a 52 week low of $32.06 and a 52 week high of $41.08. The business’s fifty day simple moving average is $36.26 and its 200-day simple moving average is $38.03. The firm has a market cap of $71.54 million, a PE ratio of 18.25 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were paid a dividend of $0.1822 per share. This represents a $0.73 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date was Thursday, March 27th.

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.