First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) to Issue $0.04 Dividend

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLUGet Free Report) declared a dividend on Wednesday, March 20th, NASDAQ reports. Shareholders of record on Friday, March 22nd will be paid a dividend of 0.0424 per share on Thursday, March 28th. The ex-dividend date is Thursday, March 21st.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 1.4 %

Shares of NASDAQ:DVLU traded up $0.40 on Thursday, hitting $29.61. The company had a trading volume of 1,600 shares, compared to its average volume of 3,557. The stock has a market cap of $25.17 million, a price-to-earnings ratio of 7.94 and a beta of 1.18. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $20.69 and a 1-year high of $29.63. The stock has a 50 day moving average price of $26.95 and a 200 day moving average price of $24.78.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Value ETF

Institutional investors have recently added to or reduced their stakes in the business. Private Advisory Group LLC lifted its stake in First Trust Dorsey Wright Momentum & Value ETF by 87.0% in the first quarter. Private Advisory Group LLC now owns 64,372 shares of the company’s stock worth $1,647,000 after acquiring an additional 29,951 shares during the period. Jane Street Group LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the 1st quarter valued at about $948,000. Citadel Advisors LLC purchased a new position in First Trust Dorsey Wright Momentum & Value ETF in the 4th quarter worth approximately $927,000. Susquehanna International Group LLP increased its stake in 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 worth $769,000 after acquiring an additional 7,470 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 25.6% during the 3rd quarter. LPL Financial LLC now owns 14,011 shares of the company’s stock valued at $320,000 after purchasing an additional 2,854 shares during the last quarter.

About First Trust Dorsey Wright Momentum & Value ETF

(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.

Further Reading

Dividend History for First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU)

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