First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) Stock Price Down 0.7%

First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)’s stock price dropped 0.7% during mid-day trading on Wednesday . The company traded as low as $36.64 and last traded at $36.72. Approximately 5,714 shares were traded during trading, a decline of 37% from the average daily volume of 9,051 shares. The stock had previously closed at $36.97.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

The firm has a 50-day moving average of $35.21 and a 200 day moving average of $34.02. The company has a market capitalization of $56.91 million, a PE ratio of 13.54 and a beta of 0.99.

Institutional Trading of First Trust Dorsey Wright Momentum & Dividend ETF

An institutional investor recently raised its position in First Trust Dorsey Wright Momentum & Dividend ETF stock. Janney Montgomery Scott LLC boosted its stake in shares of First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) by 8.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,909 shares of the company’s stock after purchasing an additional 1,780 shares during the period. Janney Montgomery Scott LLC owned about 1.56% of First Trust Dorsey Wright Momentum & Dividend ETF worth $746,000 at the end of the most recent reporting period.

About First Trust Dorsey Wright Momentum & Dividend ETF

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.