First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Stock Price Up 1.8%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLUGet Free Report) rose 1.8% on Wednesday . The stock traded as high as $29.27 and last traded at $29.25. Approximately 1,689 shares traded hands during trading, a decline of 53% from the average daily volume of 3,594 shares. The stock had previously closed at $28.73.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 1.8 %

The firm has a market cap of $24.86 million, a price-to-earnings ratio of 7.94 and a beta of 1.18. The firm has a 50-day moving average of $26.95 and a two-hundred day moving average of $24.78.

First Trust Dorsey Wright Momentum & Value ETF Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Tuesday, December 26th were given a dividend of $0.1378 per share. The ex-dividend date was Friday, December 22nd. This represents a $0.55 annualized dividend and a dividend yield of 1.88%.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Commonwealth Equity Services LLC increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 6.5% during the second quarter. Commonwealth Equity Services LLC now owns 616,627 shares of the company’s stock valued at $14,526,000 after acquiring an additional 37,596 shares during the period. Private Advisory Group LLC increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 3.8% during the third quarter. Private Advisory Group LLC now owns 33,925 shares of the company’s stock valued at $775,000 after acquiring an additional 1,230 shares during the period. Citadel Advisors LLC bought a new position in First Trust Dorsey Wright Momentum & Value ETF during the fourth quarter valued at about $927,000. LPL Financial LLC increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 25.6% during the third quarter. LPL Financial LLC now owns 14,011 shares of the company’s stock valued at $320,000 after acquiring an additional 2,854 shares during the period. Finally, Susquehanna International Group LLP grew its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 27.5% in the 1st quarter. Susquehanna International Group LLP now owns 34,674 shares of the company’s stock valued at $769,000 after purchasing an additional 7,470 shares during the period.

First Trust Dorsey Wright Momentum & Value ETF Company Profile

(Get Free Report)

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.

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