First Trust Dorsey Wright Momentum & Value ETF

First Trust Dorsey Wright Momentum & Value ETF is an exchange-traded fund designed to combine momentum and value exposure in a single U.S. equity portfolio. The fund follows a rules-based index that targets 50 large- and mid-cap stocks with strong relative strength characteristics while screening for attractive valuation measures such as price-to-earnings, price-to-book, price-to-sales, and price-to-cash flow. It primarily invests in U.S. companies across sectors including financial services, healthcare, consumer defensive, utilities, and industrials, with holdings selected and weighted according to the index methodology. Managed by First Trust Advisors L.P., the ETF is used by market participants seeking systematic exposure to value-oriented stocks that also demonstrate positive price momentum.