First Trust Dorsey Wright Momentum & Value ETF (DVLU)
First Trust Dorsey Wright Momentum & Value ETF operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $42.01, up 0.12% on the session, giving a market capitalisation of $46.8M. Its beta of 1.19 implies it has historically moved more than the broad market.
The First Trust Dorsey Wright Momentum & Value ETF (the Fund) endeavors to achieve investment results that generally align with the price movements and income stream (prior to the Fund's own fees and expenses) of its underlying benchmark, the Dorsey Wright Momentum Plus Value Index. Typically, the Fund allocates at least 90% of its total net assets, including any capital acquired through borrowing, to the equity securities that constitute this Index. Employing an indexing approach, the Fund's objective is to replicate the Index's performance before any charges or expenses are deducted. The investment advisor strives for a high degree of congruence, targeting a correlation coefficient of 0.95 or better (before fees and expenses) between the Fund's outcomes and those of the Index, noting that a figure of 1.00 would denote perfect alignment. Nasdaq, Inc. holds ownership of and was responsible for developing this particular Index.
First Trust Dorsey Wright Momentum & Value ETF is most often compared with the following Financial Services names: