Symbols

DDIV

First Trust Dorsey Wright Momentum & Dividend ETF·NASDAQ

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Key Stats

Assets Under Management

68.05MUSD

Fund Flows (1Y)

-17.47MUSD

Dividend Yield

1.83%

Discount/Premium to NAV

0.04%

Shares Outstanding

1.55M

Expense Ratio

0.60%

About First Trust Dorsey Wright Momentum & Dividend ETF

Issuer

First Trust Advisors L.P.

Brand

First Trust

Home Page

https://www.ftportfolios.com/Retail/Etf/EtfSummary.aspx?Ticker=DDIV

Inception Date

Mar 10, 2014

Structure

Open-Ended Fund

Index Tracked

Dorsey Wright Momentum Plus Dividend Yield Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

First Trust Advisors LP

Distributor

First Trust Portfolios LP

DDIV combines two strategies: momentum and dividends. The index initially whittles down its large- and mid-cap universe by conducting a relative strength analysis. A point and figure chart is created for each security, comparing the stock's daily performance to that of the broader universe. Each stock is classified as a "buy” or a "sell” using this method, and the sells are filtered out. From this short list, DDIV selects the 50 securities with the highest current dividend yields. Holdings are also weighted by dividend yield. DDIV is rebalanced quarterly. DDIV previously traded under the ticker QINC and tracked an index of high-yield stocks with strong fundamental characteristics. The fund changed its name, index, and ticker on September 5, 2018.