First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Shares Climb 0.9% – What’s Next?

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL)’s stock price was up 0.9% during mid-day trading on Thursday. The stock traded as high as $35.69 and last traded at $35.6790. 2,110 shares changed hands during trading, a decline of 77% from the average daily volume of 8,998 shares. The stock had previously closed at $35.37.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Up 0.9%

The company has a market capitalization of $74.93 million, a PE ratio of 24.91 and a beta of 0.72. The company has a 50-day moving average price of $36.33 and a two-hundred day moving average price of $36.49.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.0656 per share. This is a negative change from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.0989. This represents a $0.26 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Trading of First Trust Dorsey Wright Momentum & Low Volatility ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Fifth Third Bancorp bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the first quarter worth approximately $342,000. Cetera Investment Advisers lifted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock valued at $686,000 after purchasing an additional 2,125 shares during the last quarter. Balefire LLC lifted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.6% during the first quarter. Balefire LLC now owns 33,142 shares of the company’s stock valued at $1,146,000 after purchasing an additional 10,840 shares during the last quarter. Finally, Nilsine Partners LLC grew its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.9% in the 2nd quarter. Nilsine Partners LLC now owns 38,576 shares of the company’s stock worth $1,410,000 after buying an additional 1,082 shares in the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Company Profile

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. DVOL was launched on Sep 5, 2018 and is managed by First Trust.