Independent Advisor Alliance Invests $3.74 Million in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)

Independent Advisor Alliance bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) during the fourth quarter, Holdings Channel reports. The fund bought 99,122 shares of the company’s stock, valued at approximately $3,744,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. J.W. Cole Advisors Inc. acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at $203,000. Janney Montgomery Scott LLC acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at $203,000. Sigma Planning Corp acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at $224,000. Finally, Raymond James Financial Inc. acquired a new position in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter valued at $719,000.

First Trust Dorsey Wright Momentum & Dividend ETF Trading Up 0.5 %

Shares of First Trust Dorsey Wright Momentum & Dividend ETF stock opened at $36.77 on Thursday. First Trust Dorsey Wright Momentum & Dividend ETF has a twelve month low of $32.02 and a twelve month high of $41.08. The stock has a market capitalization of $73.54 million, a P/E ratio of 20.42 and a beta of 0.99. The business’s fifty day moving average price is $39.06 and its 200 day moving average price is $38.29.

First Trust Dorsey Wright Momentum & Dividend ETF 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.