First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Shares Purchased by Bank of America Corp DE

Bank of America Corp DE lifted its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) by 75.7% during the fourth quarter, Holdings Channel reports. The fund owned 20,485 shares of the company’s stock after acquiring an additional 8,827 shares during the period. Bank of America Corp DE’s holdings in First Trust Dorsey Wright Momentum & Dividend ETF were worth $774,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of DDIV. Janney Montgomery Scott LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at $203,000. 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. Sigma Planning Corp purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth about $224,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth about $719,000. Finally, Independent Advisor Alliance purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at about $3,744,000.

First Trust Dorsey Wright Momentum & Dividend ETF Stock Up 0.9%

DDIV stock opened at $37.71 on Monday. The business has a 50 day moving average price of $36.24 and a 200 day moving average price of $37.96. The stock has a market cap of $67.88 million, a price-to-earnings ratio of 18.37 and a beta of 0.95. First Trust Dorsey Wright Momentum & Dividend ETF has a fifty-two week low of $32.06 and a fifty-two week high of $41.08.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were issued a $0.1822 dividend. This represents a $0.73 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend 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.