Independent Advisor Alliance Acquires New Stake in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV)

Independent Advisor Alliance acquired a new stake in First Trust Dorsey Wright Momentum & Dividend ETF (NASDAQ:DDIV) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 99,122 shares of the company’s stock, valued at approximately $3,744,000. Independent Advisor Alliance owned 4.96% of First Trust Dorsey Wright Momentum & Dividend ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth about $719,000. Sigma Planning Corp purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth about $224,000. J.W. Cole Advisors Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth about $203,000. Finally, Janney Montgomery Scott LLC purchased a new stake in First Trust Dorsey Wright Momentum & Dividend ETF during the 4th quarter worth about $203,000.

First Trust Dorsey Wright Momentum & Dividend ETF Price Performance

Shares of NASDAQ DDIV opened at $36.77 on Thursday. The stock’s 50-day moving average is $39.06 and its two-hundred day moving average is $38.29. First Trust Dorsey Wright Momentum & Dividend ETF has a 1-year low of $32.02 and a 1-year high of $41.08. The company has a market cap of $73.54 million, a price-to-earnings ratio of 20.42 and a beta of 0.99.

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.