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

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) rose 0.1% during mid-day trading on Friday . The company traded as high as $30.46 and last traded at $30.34. Approximately 878 shares were traded during trading, a decline of 79% from the average daily volume of 4,241 shares. The stock had previously closed at $30.31.

First Trust Dorsey Wright Momentum & Value ETF Stock Up 0.1 %

The stock’s 50 day moving average price is $30.58 and its 200-day moving average price is $29.37. The stock has a market capitalization of $31.86 million, a P/E ratio of 8.64 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.0431 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 0.57%.

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

A hedge fund recently raised its stake in First Trust Dorsey Wright Momentum & Value ETF stock. Commonwealth Equity Services LLC raised its position in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 0.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 555,882 shares of the company’s stock after acquiring an additional 2,150 shares during the period. Commonwealth Equity Services LLC owned approximately 50.53% of First Trust Dorsey Wright Momentum & Value ETF worth $15,587,000 as of its most recent filing with the Securities & Exchange Commission.

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.