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

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

First Trust Dorsey Wright Momentum & Value ETF Price Performance

The firm has a market cap of $47.46 million, a PE ratio of 14.02 and a beta of 1.03. The company has a 50-day simple moving average of $40.65 and a 200-day simple moving average of $38.05.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The firm also recently disclosed 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 dividend on an annualized basis and a yield of 1.0%. The ex-dividend date was Thursday, June 25th. This is an increase 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

Hedge funds and other institutional investors have recently bought and sold shares of the business. Cetera Investment Advisers increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 13.8% in the first quarter. Cetera Investment Advisers now owns 31,183 shares of the company’s stock worth $1,067,000 after purchasing an additional 3,785 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of 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 valued at $338,000 after purchasing an additional 349 shares during the period. Equitable Holdings Inc. bought a new position in shares of First Trust Dorsey Wright Momentum & Value ETF in the fourth quarter worth about $315,000. Osaic Holdings Inc. grew its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 11.0% in the fourth quarter. Osaic Holdings Inc. now owns 175,648 shares of the company’s stock worth $6,280,000 after purchasing an additional 17,450 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings 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 worth $571,000 after purchasing 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.