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The Fund seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Dorsey Wright Momentum Plus Value Index. Under normal conditions, the Fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the Index. The Funds investment advisor seeks a correlation of 0.95 or better (before fees and expenses) between the Funds performance and the performance of the Index a figure of 1.00 would represent perfect correlation. The Index is owned and was developed by Nasdaq, Inc. (the "Index Provider"). The Dorsey Wright Momentum Plus Value Index is a rules-based equity index that is designed to track the overall performance of the 50 most undervalued stocks within the NASDAQ US Large Mid Cap Index that maintain high levels of relative strength. The Dorsey Wright Momentum Plus Index Family (Indexes) selects securities based on individual stock momentum plus a fundamental factor (value, dividend yield or volatility). Each security in the Index must pass minimum momentum requirements and greater weights are given to securities with better factor scores.
First Trust Dorsey Wright Momentum & Value ETF trades on the NASDAQ stock market under the symbol DVLU.
As of March 19, 2025, DVLU stock price climbed to $28.54 with 596 million shares trading.
DVLU has a market cap of $28.54 million. This is considered a Sub-Micro Cap stock.
In the last 3 years, DVLU traded as high as $33.06 and as low as $20.33.
DVLU has underperformed the market in the last year with a return of +1.7%, while SPY returned +11.6%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DVLU shares. However, DVLU has outperformed the market in the last 3 month and 2 week periods, returning -1.1% and -1.1%, while SPY returned -2.9% and -1.7%, respectively. This indicates DVLU has been having a stronger performance recently.
DVLU support price is $27.65 and resistance is $28.49 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DVLU shares will trade within this expected range on the day.