First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Trading 1.1% Higher – Here’s Why

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU)’s share price rose 1.1% during mid-day trading on Tuesday . The stock traded as high as $33.07 and last traded at $33.11. Approximately 7,093 shares changed hands during trading, an increase of 297% from the average daily volume of 1,785 shares. The stock had previously closed at $32.75.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 1.1%

The firm’s 50-day moving average price is $33.51 and its two-hundred day moving average price is $31.09. The stock has a market cap of $33.11 million, a PE ratio of 14.02 and a beta of 1.08.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.058 dividend. The ex-dividend date was Thursday, September 25th. This represents a $0.23 dividend on an annualized basis and a dividend yield of 0.7%.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Value ETF

A number of institutional investors have recently added to or reduced their stakes in DVLU. Raymond James Financial Inc. bought a new position in First Trust Dorsey Wright Momentum & Value ETF in the second quarter worth about $44,000. Cetera Investment Advisers grew its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 15.9% in the 1st quarter. Cetera Investment Advisers now owns 25,868 shares of the company’s stock worth $735,000 after buying an additional 3,549 shares during the last quarter. Private Advisory Group LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 10.3% during the 3rd quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock worth $1,049,000 after acquiring an additional 2,916 shares in the last quarter. Susquehanna International Group LLP lifted its position in First Trust Dorsey Wright Momentum & Value ETF by 41.3% during the third quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock valued at $1,391,000 after acquiring an additional 12,088 shares during the last quarter. Finally, GGM Financials LLC acquired a new stake in First Trust Dorsey Wright Momentum & Value ETF in the second quarter valued at approximately $9,530,000.

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.