First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Stock Price Up 0.9% – Here’s What Happened

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) shares rose 0.9% during mid-day trading on Monday . The company traded as high as $34.75 and last traded at $34.39. Approximately 4,968 shares were traded during trading, a decline of 63% from the average daily volume of 13,358 shares. The stock had previously closed at $34.07.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

The company’s fifty day moving average price is $36.04 and its 200 day moving average price is $35.36. The company has a market cap of $73.94 million, a PE ratio of 24.91 and a beta of 0.79.

Institutional Investors Weigh In On First Trust Dorsey Wright Momentum & Low Volatility ETF

Institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 56.1% in the 2nd quarter. Cetera Investment Advisers now owns 17,832 shares of the company’s stock valued at $626,000 after buying an additional 6,409 shares during the last quarter. Global Retirement Partners LLC purchased a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the 2nd quarter worth approximately $242,000. Baird Financial Group Inc. grew its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 1.8% in the second quarter. Baird Financial Group Inc. now owns 75,572 shares of the company’s stock valued at $2,653,000 after acquiring an additional 1,316 shares in the last quarter. Raymond James Financial Inc. grew its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 17.7% in the second quarter. Raymond James Financial Inc. now owns 181,222 shares of the company’s stock valued at $6,362,000 after acquiring an additional 27,245 shares in the last quarter. Finally, Nilsine Partners LLC increased its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 3.6% during the third quarter. Nilsine Partners LLC now owns 40,442 shares of the company’s stock valued at $1,434,000 after acquiring an additional 1,412 shares during the last quarter.

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