First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Stock Price Up 0.3% – What’s Next?

Shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) traded up 0.3% during mid-day trading on Tuesday . The company traded as high as $41.27 and last traded at $41.27. 24,011 shares traded hands during trading, an increase of 280% from the average daily volume of 6,311 shares. The stock had previously closed at $41.14.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.3%

The firm has a market capitalization of $47.46 million, a P/E ratio of 14.02 and a beta of 1.03. The firm has a 50 day moving average price of $40.65 and a 200-day moving average price of $38.05.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.0992 per share. This represents a $0.40 annualized dividend and a yield of 1.0%. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

A number of institutional investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its position 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 valued at $6,280,000 after acquiring an additional 17,450 shares during the last quarter. LPL Financial LLC lifted 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. Susquehanna International Group LLP lifted 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. Cetera Investment Advisers lifted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 1.1% in the 4th quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock worth $979,000 after acquiring an additional 300 shares during the last quarter. Finally, Equitable Holdings Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the 4th quarter worth about $315,000.

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.