First Trust Dorsey Wright Momentum & Dividend ETF $DDIV Shares Purchased by Cetera Investment Advisers

Cetera Investment Advisers lifted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) by 35.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 11,189 shares of the company’s stock after acquiring an additional 2,954 shares during the quarter. Cetera Investment Advisers owned 0.59% of First Trust Dorsey Wright Momentum & Dividend ETF worth $423,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. grew its position in First Trust Dorsey Wright Momentum & Dividend ETF by 13.6% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 13,718 shares of the company’s stock valued at $518,000 after buying an additional 1,645 shares during the period. Bank of America Corp DE grew its position in First Trust Dorsey Wright Momentum & Dividend ETF by 75.7% during the fourth quarter. Bank of America Corp DE now owns 20,485 shares of the company’s stock valued at $774,000 after buying an additional 8,827 shares during the period. Raymond James Financial Inc. acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at $719,000. Synergy Asset Management LLC grew its position in First Trust Dorsey Wright Momentum & Dividend ETF by 66.4% during the first quarter. Synergy Asset Management LLC now owns 69,298 shares of the company’s stock valued at $2,617,000 after buying an additional 27,651 shares during the period. Finally, Wells Fargo & Company MN grew its position in First Trust Dorsey Wright Momentum & Dividend ETF by 61.6% during the fourth quarter. Wells Fargo & Company MN now owns 1,834 shares of the company’s stock valued at $69,000 after buying an additional 699 shares during the period.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

DDIV stock opened at $38.67 on Monday. The firm’s fifty day moving average is $38.13 and its 200 day moving average is $37.61. First Trust Dorsey Wright Momentum & Dividend ETF has a one year low of $32.06 and a one year high of $41.08. The firm has a market cap of $65.74 million, a PE ratio of 17.21 and a beta of 0.99.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were given a $0.1832 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.9%. This is a positive change from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Thursday, June 26th.

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.