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

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

First Trust Dorsey Wright Momentum & Value ETF Price Performance

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

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The firm also recently declared 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 was Thursday, June 25th. This represents a $0.40 annualized dividend and a dividend yield of 0.9%. This is an increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.03.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

A number of institutional investors have recently modified their holdings of DVLU. Osaic Holdings Inc. increased its holdings in First Trust Dorsey Wright Momentum & Value ETF by 11.0% in 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 during the period. LPL Financial LLC lifted its stake in First Trust Dorsey Wright Momentum & Value ETF by 37.4% in the 4th quarter. LPL Financial LLC now owns 58,354 shares of the company’s stock valued at $2,085,000 after buying an additional 15,884 shares in the last quarter. Susquehanna International Group LLP boosted its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 41.3% in the third 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 last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 13.8% during the first quarter. Cetera Investment Advisers now owns 31,183 shares of the company’s stock worth $1,067,000 after buying an additional 3,785 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its holdings in 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 acquiring an additional 7,765 shares during the last quarter.

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.