First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Stock Price Crosses Above 200 Day Moving Average – Time to Sell?

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL)’s share price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of $36.31 and traded as high as $36.63. First Trust Dorsey Wright Momentum & Low Volatility ETF shares last traded at $36.63, with a volume of 2,506 shares.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance

The stock has a market capitalization of $74.48 million, a P/E ratio of 24.91 and a beta of 0.72. The stock has a 50-day moving average price of $35.98 and a two-hundred day moving average price of $36.31.

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. Shareholders of record on Thursday, September 24th were issued a $0.0656 dividend. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. This is a drop from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.0989. The ex-dividend date was Thursday, September 24th.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Low Volatility ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fifth Third Bancorp purchased a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF during the 1st quarter valued at $342,000. Sigma Planning Corp purchased a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the 3rd quarter worth $558,000. Cetera Investment Advisers boosted its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock worth $686,000 after buying an additional 2,125 shares during the last quarter. Balefire LLC boosted its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.6% in the 1st quarter. Balefire LLC now owns 33,142 shares of the company’s stock worth $1,146,000 after buying an additional 10,840 shares during the last quarter. Finally, Nilsine Partners LLC grew its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.9% in the second quarter. Nilsine Partners LLC now owns 38,576 shares of the company’s stock worth $1,410,000 after acquiring an additional 1,082 shares during the period.

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.