First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Stock Price Down 0.7% – Here’s Why

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) shares fell 0.7% during trading on Tuesday . The stock traded as low as $36.90 and last traded at $37.02. 6,761 shares changed hands during trading, an increase of 4% from the average session volume of 6,492 shares. The stock had previously closed at $37.27.

First Trust Dorsey Wright Momentum & Value ETF Trading Down 0.7%

The firm has a 50 day simple moving average of $35.81 and a 200 day simple moving average of $35.75. The firm has a market capitalization of $42.57 million, a PE ratio of 14.02 and a beta of 1.04.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.027 per share. This represents a $0.11 annualized dividend and a yield of 0.3%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Dorsey Wright Momentum & Value ETF

Several institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter valued at $44,000. Equitable Holdings Inc. bought a new position in shares of First Trust Dorsey Wright Momentum & Value ETF during the 4th quarter valued at $315,000. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 3.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,889 shares of the company’s stock valued at $338,000 after buying an additional 349 shares during the period. Commonwealth Equity Services LLC lifted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 94.7% during the 4th quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock valued at $571,000 after buying an additional 7,765 shares during the period. Finally, Cetera Investment Advisers lifted its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 1.1% during the 4th quarter. Cetera Investment Advisers now owns 27,398 shares of the company’s stock valued at $979,000 after buying an additional 300 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.