First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Stock Price Up 0.2% – Here’s Why

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU)’s share price rose 0.2% during trading on Tuesday . The company traded as high as $39.49 and last traded at $39.20. Approximately 2,454 shares traded hands during trading, a decline of 60% from the average daily volume of 6,181 shares. The stock had previously closed at $39.12.

First Trust Dorsey Wright Momentum & Value ETF Stock Up 1.2%

The stock has a 50-day moving average of $37.45 and a 200 day moving average of $36.36. The stock has a market cap of $45.31 million, a PE ratio of 14.02 and a beta of 1.03.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.027 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.11 annualized dividend and a yield of 0.3%.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Investment Advisers increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 13.8% during the first quarter. Cetera Investment Advisers now owns 31,183 shares of the company’s stock worth $1,067,000 after acquiring an additional 3,785 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 3.7% during the first quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock worth $338,000 after acquiring an additional 349 shares during the last quarter. Equitable Holdings Inc. acquired a new stake in First Trust Dorsey Wright Momentum & Value ETF during the fourth quarter worth $315,000. Osaic Holdings Inc. increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 11.0% during the fourth quarter. Osaic Holdings Inc. now owns 175,648 shares of the company’s stock worth $6,280,000 after acquiring an additional 17,450 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 94.7% in the fourth quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock valued at $571,000 after buying an additional 7,765 shares in the last quarter.

About First Trust Dorsey Wright Momentum & Value ETF

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.