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

Kesler Norman & Wride LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,788 shares of the company’s stock, valued at approximately $1,918,000. Kesler Norman & Wride LLC owned about 2.54% of First Trust Dorsey Wright Momentum & Dividend ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DDIV. Independent Advisor Alliance bought a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter valued at about $3,744,000. J.W. Cole Advisors Inc. purchased a new stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter valued at $203,000. Janney Montgomery Scott LLC acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF in the fourth quarter worth about $203,000. Sigma Planning Corp purchased a new position in shares of First Trust Dorsey Wright Momentum & Dividend ETF in the 4th quarter valued at approximately $224,000. Finally, Commonwealth Equity Services LLC boosted its stake in First Trust Dorsey Wright Momentum & Dividend ETF by 4.6% in 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 in the last quarter.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

Shares of DDIV opened at $38.00 on Wednesday. First Trust Dorsey Wright Momentum & Dividend ETF has a 1-year low of $32.02 and a 1-year high of $41.08. The firm has a market capitalization of $76 million, a PE ratio of 19.47 and a beta of 0.99. The company’s fifty day moving average price is $38.80 and its 200-day moving average price is $38.52.

First Trust Dorsey Wright Momentum & Dividend ETF Cuts Dividend

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

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.