First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Stock Price Down 0.1% – Here’s What Happened

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) fell 0.1% during mid-day trading on Tuesday . The company traded as low as $35.33 and last traded at $35.33. 22,927 shares traded hands during mid-day trading, an increase of 1,113% from the average session volume of 1,890 shares. The stock had previously closed at $35.35.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

The business has a 50-day moving average of $34.04 and a 200-day moving average of $31.71. The stock has a market capitalization of $35.33 million, a price-to-earnings ratio of 14.02 and a beta of 1.08.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Financial Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter valued at approximately $44,000. Cetera Investment Advisers grew its position in 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 valued at $735,000 after buying an additional 3,549 shares during the last quarter. Private Advisory Group LLC increased its stake in First Trust Dorsey Wright Momentum & Value ETF by 10.3% in the 3rd quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock valued at $1,049,000 after buying an additional 2,916 shares during the period. Susquehanna International Group LLP lifted its stake in shares of 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 worth $1,391,000 after acquiring an additional 12,088 shares during the period. Finally, GGM Financials LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF in the 2nd quarter worth $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.