Compound Planning Inc. Decreases Holdings in First Trust Dorsey Wright Momentum & Dividend ETF $DDIV

Compound Planning Inc. trimmed its stake in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) by 42.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,838 shares of the company’s stock after selling 13,117 shares during the quarter. Compound Planning Inc. owned approximately 1.05% of First Trust Dorsey Wright Momentum & Dividend ETF worth $717,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Steward Partners Investment Advisory LLC increased its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 3.5% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 63,214 shares of the company’s stock worth $2,415,000 after purchasing an additional 2,154 shares during the last quarter. Concurrent Investment Advisors LLC increased its position in First Trust Dorsey Wright Momentum & Dividend ETF by 139.6% in the third quarter. Concurrent Investment Advisors LLC now owns 34,331 shares of the company’s stock worth $1,380,000 after buying an additional 20,001 shares during the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the second quarter worth $1,182,000. Prospera Financial Services Inc raised its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 2.2% in the third quarter. Prospera Financial Services Inc now owns 18,224 shares of the company’s stock valued at $732,000 after buying an additional 394 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in shares of First Trust Dorsey Wright Momentum & Dividend ETF by 13.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,068 shares of the company’s stock valued at $364,000 after buying an additional 1,041 shares during the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

DDIV stock opened at $42.75 on Friday. The stock has a fifty day moving average of $42.83 and a 200-day moving average of $40.86. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $32.06 and a fifty-two week high of $44.36. The company has a market capitalization of $66.27 million, a price-to-earnings ratio of 17.21 and a beta of 0.96.

First Trust Dorsey Wright Momentum & Dividend ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.2848 per share. This is a boost from First Trust Dorsey Wright Momentum & Dividend ETF’s previous quarterly dividend of $0.15. This represents a $1.14 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date was Friday, December 12th.

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.