First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) Shares Down 0.7% – Should You Sell?

Shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) traded down 0.7% during mid-day trading on Tuesday . The company traded as low as $36.90 and last traded at $37.02. 6,761 shares traded hands during mid-day 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 Stock Performance

The company has a market cap of $43.13 million, a price-to-earnings ratio of 14.02 and a beta of 1.04. The business has a 50-day simple moving average of $35.93 and a 200-day simple moving average of $35.80.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.027 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.11 dividend on an annualized basis and a yield of 0.3%.

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

A number of hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers raised its position 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 worth $979,000 after acquiring an additional 300 shares in the last quarter. Janney Montgomery Scott LLC raised its position 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 worth $338,000 after acquiring an additional 349 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Value ETF during the 2nd quarter worth about $44,000. Private Advisory Group LLC increased its position in First Trust Dorsey Wright Momentum & Value ETF by 10.3% during the third quarter. Private Advisory Group LLC now owns 31,210 shares of the company’s stock worth $1,049,000 after buying an additional 2,916 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in First Trust Dorsey Wright Momentum & Value ETF by 94.7% during the fourth quarter. Commonwealth Equity Services LLC now owns 15,968 shares of the company’s stock worth $571,000 after buying an additional 7,765 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.