First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Trading Up 0.3% – Time to Buy?

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) was up 0.3% during mid-day trading on Tuesday . The company traded as high as $41.27 and last traded at $41.27. 24,011 shares were traded during mid-day trading, an increase of 280% from the average daily volume of 6,311 shares. The stock had previously closed at $41.14.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

The business’s 50-day moving average price is $40.69 and its 200-day moving average price is $38.09. The firm has a market capitalization of $47.60 million, a PE ratio of 14.02 and a beta of 1.03.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Osaic Holdings Inc. raised 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 buying an additional 17,450 shares in the last quarter. LPL Financial LLC lifted its stake 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 valued at $2,085,000 after purchasing an additional 15,884 shares during the period. Susquehanna International Group LLP grew 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 worth $1,391,000 after buying an additional 12,088 shares during the period. Cetera Investment Advisers lifted its position in shares of First Trust Dorsey Wright Momentum & Value ETF by 1.1% during the 4th quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock valued at $979,000 after acquiring an additional 300 shares during the period. Finally, Equitable Holdings Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF in the 4th quarter worth approximately $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.