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First Trust Dorsey Wright Momentum and Dividend ETF (NASDAQ: DDIV - Get Free Report) shares traded up 1.5% on Monday. The stock traded as high as $42.91 and last traded at $42.7550. 3,922 shares changed hands during trading, a decline of 27% from the average session volume of 5,361 shares. The stock had previously closed
DDIV tracks a concentrated large/mid-cap Index with a momentum focus and a dividend overlay. Its yield is 2.07%, its ER is 0.60%, and the ETF has $79 million in assets. Unique for a value fund is DDIV's 1.25 five-year beta. A historical six-year backtest also indicates substantial losses are possible, contrary to the approach taken by many dividend investors. While DDIV's risk-adjusted returns are not strong, it has outperformed its benchmark since its Index change on September 8, 2016. It might be attractive to value investors seeking quick gains.
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