First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Trading Up 1.2% – What’s Next?

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) was up 1.2% during trading on Monday . The stock traded as high as $40.43 and last traded at $39.93. Approximately 8,660 shares traded hands during trading, an increase of 32% from the average daily volume of 6,550 shares. The stock had previously closed at $39.46.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Up 0.6%

The business has a 50-day moving average price of $42.22 and a two-hundred day moving average price of $41.08. The company has a market capitalization of $62.82 million, a price-to-earnings ratio of 17.21 and a beta of 0.96.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Sound Income Strategies LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter valued at about $42,000. Kestra Advisory Services LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter worth about $100,000. Ameritas Advisory Services LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 3rd quarter worth about $121,000. Insight Advisors LLC PA bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at about $201,000. Finally, Janney Montgomery Scott LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at about $201,000.

First Trust Dorsey Wright Momentum & Dividend ETF Company Profile

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.