First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Shares Sold by Virtus Wealth Solutions LLC

Virtus Wealth Solutions LLC lessened its stake in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 0.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 323,456 shares of the company’s stock after selling 2,709 shares during the quarter. First Trust Dorsey Wright Momentum & Value ETF comprises about 2.8% of Virtus Wealth Solutions LLC’s portfolio, making the stock its 8th largest holding. Virtus Wealth Solutions LLC owned approximately 0.32% of First Trust Dorsey Wright Momentum & Value ETF worth $9,196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DVLU. Harbour Investments Inc. raised its position in First Trust Dorsey Wright Momentum & Value ETF by 71.0% during the fourth quarter. Harbour Investments Inc. now owns 4,497 shares of the company’s stock worth $131,000 after acquiring an additional 1,867 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust Dorsey Wright Momentum & Value ETF by 18.7% in the fourth quarter. LPL Financial LLC now owns 49,879 shares of the company’s stock valued at $1,453,000 after acquiring an additional 7,850 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 92.9% during the 4th quarter. Citadel Advisors LLC now owns 27,091 shares of the company’s stock worth $789,000 after purchasing an additional 13,045 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 10,752.3% during the 1st quarter. Farther Finance Advisors LLC now owns 25,720 shares of the company’s stock valued at $730,000 after acquiring an additional 25,483 shares in the last quarter.

First Trust Dorsey Wright Momentum & Value ETF Price Performance

Shares of NASDAQ DVLU opened at $29.31 on Thursday. The company has a market capitalization of $29.31 million, a price-to-earnings ratio of 14.72 and a beta of 1.18. The business has a 50-day moving average of $28.44 and a 200-day moving average of $28.92. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $24.10 and a 1-year high of $33.06.

First Trust Dorsey Wright Momentum & Value ETF 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.