First Trust Dorsey Wright Momentum & Dividend ETF

First Trust Dorsey Wright Momentum & Dividend ETF is an exchange-traded fund that aims to track the Dorsey Wright Momentum Plus Dividend Yield Index. It focuses on large- and mid-cap U.S. stocks that combine relatively strong price performance with attractive dividend yields, using a rules-based selection process and dividend-weighted holdings. The fund provides diversified exposure to companies across sectors such as financials, real estate, energy, utilities, and industrials, with portfolio composition that can shift as market leadership changes. Managed by First Trust Advisors, the ETF is designed for investors seeking a passive equity vehicle centered on the interaction between momentum and income within the U.S. stock market.