First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Trading 0.2% Higher – Should You Buy?
by Kim Johansen · The Markets DailyShares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU – Get Free Report) traded up 0.2% during mid-day trading on Tuesday . The company traded as high as $39.49 and last traded at $39.20. 2,454 shares traded hands during trading, a decline of 60% from the average session volume of 6,181 shares. The stock had previously closed at $39.12.
First Trust Dorsey Wright Momentum & Value ETF Stock Performance
The company has a market cap of $45.08 million, a price-to-earnings ratio of 14.02 and a beta of 1.03. The stock’s fifty day moving average is $37.22 and its two-hundred day moving average is $36.27.
First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.027 dividend. This represents a $0.11 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date was Thursday, March 26th.
Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Value ETF
A number of institutional investors and hedge funds have recently made changes to their positions in DVLU. Raymond James Financial Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter worth about $44,000. Private Advisory Group LLC raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 10.3% in the 3rd quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock worth $1,049,000 after acquiring an additional 2,916 shares during the last quarter. Susquehanna International Group LLP raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 41.3% in the 3rd quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock worth $1,391,000 after acquiring an additional 12,088 shares during the last quarter. LPL Financial LLC raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 37.4% in the 4th quarter. LPL Financial LLC now owns 58,354 shares of the company’s stock worth $2,085,000 after acquiring an additional 15,884 shares during the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 94.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock worth $571,000 after acquiring an additional 7,765 shares during the last quarter.
First Trust Dorsey Wright Momentum & Value ETF Company Profile
The First Trust Dorsey Wright Momentum & Value ETF (DVLU) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Value index. The fund tracks an index of 50 large- and mid-cap value stocks exhibiting relative strength. Holdings are weighted by value metrics. DVLU was launched on Sep 5, 2018 and is managed by First Trust.