First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Stock Price Down 0.7% – Here’s Why

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU)’s stock price was down 0.7% during mid-day trading on Tuesday . The stock traded as low as $36.90 and last traded at $37.02. Approximately 6,761 shares changed hands during mid-day trading, an increase of 4% from the average daily volume of 6,492 shares. The stock had previously closed at $37.27.

First Trust Dorsey Wright Momentum & Value ETF Trading Down 0.7%

The company has a market cap of $42.57 million, a PE ratio of 14.02 and a beta of 1.04. The firm has a 50 day moving average of $35.81 and a two-hundred day moving average of $35.75.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.027 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.11 annualized dividend and a dividend yield of 0.3%.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Cetera Investment Advisers grew its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 13.8% in the 1st quarter. Cetera Investment Advisers now owns 31,183 shares of the company’s stock worth $1,067,000 after buying an additional 3,785 shares during the last quarter. Janney Montgomery Scott LLC grew its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 3.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock worth $338,000 after buying an additional 349 shares during the last quarter. Equitable Holdings Inc. purchased a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF in the 4th quarter worth approximately $315,000. Osaic Holdings Inc. grew its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 11.0% in the 4th quarter. Osaic Holdings Inc. now owns 175,648 shares of the company’s stock worth $6,280,000 after buying 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 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock worth $571,000 after buying 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.