About First Trust Dorsey Wright Momentum & Dividend ETF (DDIV)

The First Trust Dorsey Wright Momentum & Dividend ETF (DDIV) seeks to provide investment results that correspond generally to the price and yield of an index called the Dorsey Wright Momentum Plus Dividend Yield Index. This index is designed to provide exposure to U.S. dividend-paying companies with strong relative strength characteristics. DDIV is an exchange-traded fund (ETF) that combines the potential for capital appreciation through momentum investing with a focus on dividend yield.

DDIV is managed by First Trust Advisors, a well-established investment firm with a track record of managing successful ETFs. The fund employs a unique methodology that selects and weights stocks based on their relative strength and dividend yield. The portfolio is composed of approximately 100 stocks that are selected from a universe of U.S. dividend-paying companies. The stocks are then ranked and weighted based on their relative strength scores and dividend yields. This approach aims to identify companies that have both strong price momentum and a history of paying dividends.