First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Trading 1.8% Higher – Should You Buy?

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) shares shot up 1.8% on Tuesday . The company traded as high as $42.29 and last traded at $42.20. 5,808 shares were traded during trading, a decline of 6% from the average daily volume of 6,193 shares. The stock had previously closed at $41.45.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

The firm’s 50 day moving average is $39.90 and its two-hundred day moving average is $37.49. The stock has a market capitalization of $48.53 million, a PE ratio of 14.02 and a beta of 1.03.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0992 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03.

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

Several large investors have recently modified their holdings of DVLU. Osaic Holdings Inc. increased its position 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 valued at $6,280,000 after purchasing an additional 17,450 shares during the period. LPL Financial LLC increased its position 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 worth $2,085,000 after acquiring an additional 15,884 shares in the last quarter. Susquehanna International Group LLP grew its position in First Trust Dorsey Wright Momentum & Value ETF by 41.3% during the 3rd quarter. Susquehanna International Group LLP now owns 41,384 shares of the company’s stock worth $1,391,000 after purchasing an additional 12,088 shares in the last quarter. Equitable Holdings Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the fourth quarter valued at $315,000. Finally, Commonwealth Equity Services LLC increased its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 94.7% in the 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock valued at $571,000 after purchasing an additional 7,765 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.