Kesler Norman & Wride LLC Makes New $1.92 Million Investment in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)

Kesler Norman & Wride LLC bought a new position in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) in the fourth quarter, Holdings Channel reports. The institutional investor bought 50,788 shares of the company’s stock, valued at approximately $1,918,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DDIV. Independent Advisor Alliance purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at about $3,744,000. J.W. Cole Advisors Inc. acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at $203,000. Janney Montgomery Scott LLC acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the fourth quarter worth approximately $203,000. Sigma Planning Corp purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at about $224,000. Finally, Commonwealth Equity Services LLC boosted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 4.6% during the 4th quarter. Commonwealth Equity Services LLC now owns 168,995 shares of the company’s stock worth $6,383,000 after purchasing an additional 7,384 shares during the period.

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

Shares of DDIV stock opened at $38.00 on Wednesday. The stock has a market capitalization of $76 million, a PE ratio of 19.47 and a beta of 0.99. The stock’s 50-day moving average price is $38.80 and its 200 day moving average price is $38.52. First Trust Dorsey Wright Momentum & Dividend ETF has a 52-week low of $32.02 and a 52-week high of $41.08.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1822 dividend. This represents a $0.73 annualized dividend and a yield of 1.92%. The ex-dividend date was Thursday, March 27th.

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.