First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Stock Price Up 0.2% – Still a Buy?

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) rose 0.2% during trading on Tuesday . The stock traded as high as $45.11 and last traded at $45.08. Approximately 5,352 shares traded hands during mid-day trading, a decline of 9% from the average daily volume of 5,889 shares. The stock had previously closed at $44.98.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Performance

The company has a 50 day moving average of $42.62 and a 200 day moving average of $42.12. The stock has a market capitalization of $69.60 million, a price-to-earnings ratio of 17.21 and a beta of 0.93.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 1st quarter valued at $146,000. Bank of America Corp DE raised its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 1.5% in the 1st quarter. Bank of America Corp DE now owns 20,435 shares of the company’s stock valued at $826,000 after purchasing an additional 302 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 36.2% in the 1st quarter. Cetera Investment Advisers now owns 35,748 shares of the company’s stock valued at $1,446,000 after purchasing an additional 9,493 shares during the last quarter. Compound Planning Inc. raised its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 3.4% in the 4th quarter. Compound Planning Inc. now owns 18,437 shares of the company’s stock valued at $766,000 after purchasing an additional 599 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 26.1% in the 4th quarter. Osaic Holdings Inc. now owns 160,198 shares of the company’s stock valued at $6,657,000 after purchasing an additional 33,116 shares during the last quarter.

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.