First Trust Dorsey Wright Momentum & Value ETF (DVLU) To Go Ex-Dividend on June 25th

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Stockholders of record on Thursday, June 25th will be paid a dividend of 0.0992 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 1.0%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 267.4% increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03.

First Trust Dorsey Wright Momentum & Value ETF Stock Up 0.3%

Shares of DVLU opened at $39.67 on Friday. The company has a market capitalization of $45.62 million, a price-to-earnings ratio of 14.02 and a beta of 1.03. First Trust Dorsey Wright Momentum & Value ETF has a 52 week low of $29.40 and a 52 week high of $39.96. The stock’s 50-day moving average price is $38.25 and its 200-day moving average price is $36.67.

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

Several hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter worth approximately $44,000. Equitable Holdings Inc. purchased a new stake in First Trust Dorsey Wright Momentum & Value ETF during the fourth quarter worth $315,000. Janney Montgomery Scott LLC boosted its holdings in First Trust Dorsey Wright Momentum & Value ETF by 3.7% during the first quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock worth $338,000 after buying an additional 349 shares in the last quarter. Commonwealth Equity Services LLC grew its position in First Trust Dorsey Wright Momentum & Value ETF by 94.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock valued at $571,000 after buying an additional 7,765 shares during the period. Finally, Cetera Investment Advisers grew its position in First Trust Dorsey Wright Momentum & Value ETF by 1.1% during the fourth 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 period.

About First Trust Dorsey Wright Momentum & Value ETF

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.