First Trust Dorsey Wright Momentum & Value ETF $DVLU Shares Sold by LPL Financial LLC

LPL Financial LLC decreased its holdings in First Trust Dorsey Wright Momentum & Value ETF (NASDAQ:DVLU) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,947 shares of the company’s stock after selling 932 shares during the period. LPL Financial LLC owned about 4.89% of First Trust Dorsey Wright Momentum & Value ETF worth $1,392,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of DVLU. Farther Finance Advisors LLC grew its stake in shares of First Trust Dorsey Wright Momentum & Value ETF by 10,752.3% during the first quarter. Farther Finance Advisors LLC now owns 25,720 shares of the company’s stock worth $730,000 after purchasing an additional 25,483 shares in the last quarter. Citadel Advisors LLC lifted its position in First Trust Dorsey Wright Momentum & Value ETF by 92.9% in the fourth quarter. Citadel Advisors LLC now owns 27,091 shares of the company’s stock valued at $789,000 after acquiring an additional 13,045 shares during the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of First Trust Dorsey Wright Momentum & Value ETF by 15.9% in the first quarter. Cetera Investment Advisers now owns 25,868 shares of the company’s stock valued at $735,000 after buying an additional 3,549 shares during the last quarter.

First Trust Dorsey Wright Momentum & Value ETF Stock Performance

Shares of NASDAQ:DVLU opened at $30.87 on Friday. First Trust Dorsey Wright Momentum & Value ETF has a one year low of $24.10 and a one year high of $33.06. The company has a 50-day simple moving average of $29.93 and a 200-day simple moving average of $28.94. The stock has a market capitalization of $30.87 million, a price-to-earnings ratio of 14.02 and a beta of 1.18.

First Trust Dorsey Wright Momentum & Value ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.0736 per share. The ex-dividend date was Thursday, June 26th. This is an increase from First Trust Dorsey Wright Momentum & Value ETF’s previous quarterly dividend of $0.04. This represents a $0.29 annualized dividend and a yield of 1.0%.

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.