First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Trading 0.2% Higher – Should You Buy?

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) shares traded up 0.2% on Tuesday . The company traded as high as $39.49 and last traded at $39.20. 2,454 shares were traded during mid-day trading, a decline of 60% from the average session volume of 6,181 shares. The stock had previously closed at $39.12.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

The company has a market cap of $45.08 million, a price-to-earnings ratio of 14.02 and a beta of 1.03. The stock’s fifty day moving average is $37.22 and its two-hundred day moving average is $36.27.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders 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 yield of 0.3%.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 1.1% in the 4th quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock valued at $979,000 after buying an additional 300 shares during the last quarter. Osaic Holdings Inc. increased its stake in 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 valued at $6,280,000 after buying an additional 17,450 shares during the last quarter. LPL Financial LLC increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 37.4% in the 4th quarter. LPL Financial LLC now owns 58,354 shares of the company’s stock valued at $2,085,000 after buying an additional 15,884 shares during the last quarter. Susquehanna International Group LLP increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 41.3% in the 3rd quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock valued at $1,391,000 after buying an additional 12,088 shares during the last quarter. Finally, Equitable Holdings Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Value ETF in the 4th quarter valued at about $315,000.

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.