DVLU First Trust Dorsey Wright Momentum & Value ETF
Seeks to track, before fees and expenses, the Dorsey Wright Momentum Plus Value Index. The Index 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. Securities are ranked on four value metrics: Price to Sales, Price to Book, Price to Earnings and Price to Free Cash Flow. Each metric is scored individually and a percentile rank. A combined value rank is calculated by averaging the percentile scores for the individual metrics. A security must have values for a minimum of 3 of the 4 metrics. Any security with fewer than 3 scores is excluded. The combined score is taken by averaging the metrics having percentile scores (either 3 or 4 scores). No penalty is given to securities having only 3 of the 4 metrics. The 50 securities with the highest combined value scores are selected for the Index. The securities are weighted by their final combined value score.
$21.39 +0.45 (2.16%)
As of 03/20/2023 16:00:00 EST IEX book CBOE book
ETF Information
Sponsor: First Trust
Category1: US Equity
Category2: Broad market
Category3: Large and mid cap
Morningstar category: Large Value
Leverage factor: 1.00
Inception date: 09/05/2018
Index tracking method: Passive replication
Current yield: 1.99%
Historical average yield: 1.59%
Market cap: $21,877,339
Average volume: 13,869
Fees: 0.6000%
Index Information
Dorsey Wright Momentum Plus Value Index
Index symbol: DWAMV
Provider: NASDAQ OMX
Index weighting: Value score
Index inception date: 07/02/2018
Backtesting data exists: No
Number of holdings: 50
Rebalanced: Quarterly
Reconstituted: Quarterly
Factors used to select securities: