First Trust Dorsey Wright Momentum and Dividend ETF (DVLU)
NASDAQ (NMS) NASDAQ (NMS) Primary Summary
DVLU Chart
DVLU: High Concentration Risks For This Dorsey Wright Momentum And Value ETF
First Trust Dorsey Wright Momentum & Value ETF selects 50 large/mid-cap stocks based on four value metrics after first passing a proprietary momentum screen. Its expense ratio is 0.60% and the ETF has $29 million in AUM. I found the Dorsey Wright approach to momentum investing to be unconvincing. Furthermore, an ETF applying the strategy has performed poorly over the last 18 years. DVLU's selection process also does not include any sector constraints, leading to 55% allocated to a single sector. This lack of guardrails will likely to lead to inconsistent returns.
First Trust Dorsey Wright Momentum and Dividend ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| JA Jeff Ameen Spire Wealth Management | 500 | $17,105 | $19,715 | $2,610 | 15.26% |
 Christopher C. Powers Farther Finance Advisors, LLC | 8,043 | $228,258.59 | $317,135.49 | $88,876.9 | 38.94% |
| DP Devang Patel Virtus Wealth Solutions LLC | 297,788 | $8.68M | $11.74M | $3.07M | 35.34% |
First Trust Dorsey Wright Momentum and Dividend ETF (DVLU) FAQ
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First Trust Dorsey Wright Momentum and Dividend ETF Profile
| NASDAQ (NMS) Exchange | US Country |
Overview
This financial entity is dedicated to managing an investment fund that primarily focuses on equity securities. By adhering to a specific investment strategy, the fund commits at least 90% of its net assets, including any borrowed investments, towards stocks that are identified within its framework. The cornerstone of its investment philosophy is the pursuit of undervalued stocks within the NASDAQ U.S. Large Mid Cap Index TM, specifically targeting the 50 stocks that not only show significant undervaluation but also demonstrate high levels of "relative strength." This approach indicates a rigorous method of selection based on a set of predefined rules designed to track and capitalize on the overall performance of these undervalued securities.
Products and Services
- Equity Securities Investment
The fund specializes in investing in equity securities, focusing primarily on those securities that form part of the index it tracks. This involves a calculated selection of stocks that are deemed undervalued within the NASDAQ U.S. Large Mid Cap Index TM. By aiming to invest at least 90% of its net assets in these equities, the fund seeks to provide its investors with a strategic path to potentially profitable investment opportunities in the stock market.
- Index-Based Investment Strategy
Utilizing a rules-based equity index, the fund aims to mirror the performance of the 50 most undervalued stocks showcasing high relative strength from the NASDAQ U.S. Large Mid Cap Index TM. This strategy is crafted to align the fund's investment portfolio with stocks that not only present a valuation gap but are also characterized by their strong market performance. Such a methodical approach is designed to harness the growth potential of these select stocks, offering a focused investment solution.
