First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Shares Down 1% – Time to Sell?

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU)’s stock price fell 1% on Friday. The company traded as low as $38.85 and last traded at $38.95. 1,665 shares changed hands during trading, a decline of 73% from the average session volume of 6,189 shares. The stock had previously closed at $39.34.

First Trust Dorsey Wright Momentum & Value ETF Trading Down 1.0%

The company’s 50 day moving average price is $40.34 and its 200 day moving average price is $39.22. The company has a market cap of $46.74 million, a price-to-earnings ratio of 14.02 and a beta of 1.04.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were issued a $0.0922 dividend. This is a drop from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.0992. The ex-dividend date was Thursday, September 24th. This represents a $0.37 annualized dividend and a yield of 0.9%.

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. Cetera Investment Advisers grew its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 13.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 31,183 shares of the company’s stock after acquiring an additional 3,785 shares during the period. Cetera Investment Advisers owned about 2.71% of First Trust Dorsey Wright Momentum & Value ETF worth $1,067,000 as of its most recent SEC filing.

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.