LPL Financial LLC Buys 7,850 Shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU)

LPL Financial LLC increased its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 18.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,879 shares of the company’s stock after acquiring an additional 7,850 shares during the quarter. LPL Financial LLC owned approximately 4.99% of First Trust Dorsey Wright Momentum & Value ETF worth $1,453,000 as of its most recent SEC filing.

Separately, Harbour Investments Inc. grew its holdings in First Trust Dorsey Wright Momentum & Value ETF by 71.0% during the 4th quarter. Harbour Investments Inc. now owns 4,497 shares of the company’s stock valued at $131,000 after buying an additional 1,867 shares in the last quarter.

First Trust Dorsey Wright Momentum & Value ETF Trading Up 0.8 %

DVLU stock opened at $26.26 on Friday. First Trust Dorsey Wright Momentum & Value ETF has a 1-year low of $24.10 and a 1-year high of $33.06. The stock has a market cap of $26.26 million, a price-to-earnings ratio of 11.27 and a beta of 1.18. The company’s 50 day moving average is $28.26 and its 200 day moving average is $29.95.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.0449 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date was Thursday, March 27th. This is a positive change from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.04.

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.