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

First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU)’s share price was down 1% during mid-day trading on Friday. The company traded as low as $38.85 and last traded at $38.95. 1,665 shares were traded during mid-day 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 firm’s 50-day simple moving average is $40.34 and its 200 day simple moving average is $39.22. The stock has a market cap of $46.74 million, a P/E ratio of 14.02 and a beta of 1.04.

First Trust Dorsey Wright Momentum & Value ETF Cuts Dividend

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

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

A hedge fund recently raised its position in First Trust Dorsey Wright Momentum & Value ETF stock. Cetera Investment Advisers raised its position in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 13.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 31,183 shares of the company’s stock after buying an additional 3,785 shares during the quarter. Cetera Investment Advisers owned 2.71% of First Trust Dorsey Wright Momentum & Value ETF worth $1,067,000 at the end of the most recent 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.