Concurrent Investment Advisors LLC Has $3.31 Million Stock Position in First Trust Dorsey Wright Momentum & Dividend ETF $DDIV

Concurrent Investment Advisors LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) by 132.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 79,655 shares of the company’s stock after purchasing an additional 45,324 shares during the quarter. Concurrent Investment Advisors LLC owned 4.98% of First Trust Dorsey Wright Momentum & Dividend ETF worth $3,309,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Synergy Asset Management LLC acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at approximately $2,313,000. Raymond James Financial Inc. boosted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 10.9% during the third quarter. Raymond James Financial Inc. now owns 23,306 shares of the company’s stock valued at $937,000 after purchasing an additional 2,285 shares in the last quarter. UBS Group AG boosted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 25.3% during the third quarter. UBS Group AG now owns 20,251 shares of the company’s stock valued at $814,000 after purchasing an additional 4,095 shares in the last quarter. Bank of America Corp DE boosted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 6.0% during the third quarter. Bank of America Corp DE now owns 20,131 shares of the company’s stock valued at $809,000 after purchasing an additional 1,148 shares in the last quarter. Finally, Prospera Financial Services Inc boosted its holdings in First Trust Dorsey Wright Momentum & Dividend ETF by 2.2% during the third quarter. Prospera Financial Services Inc now owns 18,224 shares of the company’s stock valued at $732,000 after purchasing an additional 394 shares in the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Up 0.3%

NASDAQ DDIV opened at $44.10 on Tuesday. The stock’s 50 day moving average is $41.84 and its two-hundred day moving average is $41.50. The company has a market capitalization of $68.36 million, a price-to-earnings ratio of 17.21 and a beta of 0.92. First Trust Dorsey Wright Momentum & Dividend ETF has a 1-year low of $35.52 and a 1-year high of $44.36.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a dividend of $0.0937 per share. This represents a $0.37 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 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.