DDIV First Trust Dorsey Wright Momentum & Dividend ETF

Seeks to track, before fees and expenses, the Dorsey Wright Momentum Plus Dividend Yield Index. The Index is designed to track the overall performance of the 50 highest dividend yielding stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength. Eligible constituents of the NASDAQ US Large Mid Cap Index are assigned a relative strength score based on its forward price momentum compared to the momentum of a broad market benchmark index. Securities that exhibit a minimum level of relative strength are eligible for inclusion in the index. Eligible securities are then ranked based upon their current dividend yield, and the top 50 securities with the highest dividend yield are selected for inclusion in the index. The securities are then weighted, with greater weights given to securities with higher dividend yields. The index is reconstituted and rebalanced quarterly.

Prior to September 1, 2018, the fund was named the First Trust RBA Quality Income ETF (QINC) and tracked the Richard Bernstein Advisors Quality Income Index.

$26.01  -0.29 (-1.10%)
As of 03/24/2023 10:30:44 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     First Trust
Category1:  US Equity
Category2:  Broad market
Category3:  Large and mid cap
Morningstar category:  
Leverage factor:  1.00
Inception date:  03/10/2014
Index tracking method: Passive replication
Current yield:  3.41%
Historical average yield:  2.76%
Market cap:  $49,970,053
Average volume:  5,612
Fees:     0.6000%

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Index Information

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Dorsey Wright Momentum Plus Dividend Yield Index
Index symbol:  DWAMY
Provider:   NASDAQ OMX
Index weighting:   Dividend weighted
Index inception date:  07/02/2018
Backtesting data exists:   No
Number of holdings:  50
Rebalanced:  Quarterly
Reconstituted:  Quarterly
Factors used to select securities:
Momentum Dividends