Cwm LLC Trims Position in First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

Cwm LLC reduced its position in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 33.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 123,039 shares of the company’s stock after selling 60,966 shares during the quarter. Cwm LLC owned about 6.00% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $4,320,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the 1st quarter worth $208,000. Sigma Planning Corp raised its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.7% in the 1st quarter. Sigma Planning Corp now owns 8,805 shares of the company’s stock worth $313,000 after buying an additional 992 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 6.5% in the 1st quarter. Cetera Investment Advisers now owns 11,423 shares of the company’s stock worth $406,000 after buying an additional 697 shares during the period. Wealthcare Advisory Partners LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the 2nd quarter worth $437,000. Finally, Private Advisory Group LLC raised its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.4% in the 1st quarter. Private Advisory Group LLC now owns 38,041 shares of the company’s stock worth $1,352,000 after buying an additional 903 shares during the period.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Down 2.0%

Shares of DVOL opened at $34.28 on Friday. The firm has a market capitalization of $87.41 million, a P/E ratio of 24.91 and a beta of 0.80. The stock’s fifty day simple moving average is $34.99 and its 200 day simple moving average is $34.77. First Trust Dorsey Wright Momentum & Low Volatility ETF has a twelve month low of $31.30 and a twelve month high of $36.62.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a $0.0529 dividend. This represents a $0.21 annualized dividend and a yield of 0.6%. The ex-dividend date was Thursday, September 25th.

About First Trust Dorsey Wright Momentum & Low Volatility ETF

The First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) is an exchange-traded fund that is based on the Dorsey Wright Momentum Plus Low Vol index. The fund tracks an index of 50 large- and mid-cap, low-volatility stocks exhibiting relative strength. Holdings are weighted by the inverse of their volatility.