First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Trading Up 0.5%

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU)’s stock price was up 0.5% on Monday . The company traded as high as $23.38 and last traded at $23.36. Approximately 8,105 shares changed hands during trading, an increase of 82% from the average daily volume of 4,444 shares. The stock had previously closed at $23.25.

First Trust Dorsey Wright Momentum & Value ETF Stock Up 0.5 %

The company has a market cap of $23.36 million, a PE ratio of 7.94 and a beta of 1.18. The stock’s 50 day simple moving average is $23.90 and its two-hundred day simple moving average is $22.95.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, June 28th were paid a dividend of $0.0824 per share. This represents a $0.33 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Tuesday, June 27th.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Value ETF

A number of large investors have recently bought and sold shares of the stock. UBS Group AG purchased a new position in shares of First Trust Dorsey Wright Momentum & Value ETF in the 4th quarter valued at $63,000. Advisor Group Holdings Inc. raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 27.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 4,006 shares of the company’s stock valued at $89,000 after acquiring an additional 858 shares during the period. LPL Financial LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 23.3% in the 2nd quarter. LPL Financial LLC now owns 11,157 shares of the company’s stock valued at $263,000 after acquiring an additional 2,105 shares during the period. Jane Street Group LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Value ETF in the 3rd quarter valued at $278,000. Finally, Accel Wealth Management raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 2.7% in the 1st quarter. Accel Wealth Management now owns 16,983 shares of the company’s stock valued at $377,000 after acquiring an additional 454 shares during the period.

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.