Citadel Advisors LLC Sells 15,439 Shares of First Trust Dorsey Wright Momentum & Value ETF $DVLU

Citadel Advisors LLC reduced its position in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLUFree Report) by 35.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,118 shares of the company’s stock after selling 15,439 shares during the quarter. Citadel Advisors LLC’s holdings in First Trust Dorsey Wright Momentum & Value ETF were worth $1,115,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the second quarter valued at approximately $44,000. Susquehanna International Group LLP raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 41.3% in the third quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock worth $1,391,000 after buying an additional 12,088 shares during the period. LPL Financial LLC raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 37.4% in the fourth quarter. LPL Financial LLC now owns 58,354 shares of the company’s stock worth $2,085,000 after buying an additional 15,884 shares during the period. Commonwealth Equity Services LLC lifted its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 94.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock worth $571,000 after acquiring an additional 7,765 shares during the last quarter. Finally, Osaic Holdings Inc. lifted its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 11.0% during the 4th 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.

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

DVLU opened at $40.31 on Friday. The business has a fifty day moving average of $40.99 and a 200 day moving average of $38.38. The stock has a market cap of $46.36 million, a P/E ratio of 14.02 and a beta of 1.03. First Trust Dorsey Wright Momentum & Value ETF has a 52-week low of $32.12 and a 52-week high of $42.55.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

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

First Trust Dorsey Wright Momentum & Value ETF Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU)

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