Royal Bank of Canada Sells 63,761 Shares of First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

Royal Bank of Canada decreased its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 93.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,455 shares of the company’s stock after selling 63,761 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF were worth $154,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of DVOL. Csenge Advisory Group boosted its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.4% during the fourth quarter. Csenge Advisory Group now owns 567,061 shares of the company’s stock worth $19,867,000 after acquiring an additional 23,861 shares in the last quarter. Warner Group LLC grew its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 49.2% in the fourth quarter. Warner Group LLC now owns 14,550 shares of the company’s stock worth $510,000 after purchasing an additional 4,799 shares during the period. Concurrent Investment Advisors LLC increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 45.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 10,985 shares of the company’s stock valued at $385,000 after purchasing an additional 3,434 shares in the last quarter. Baird Financial Group Inc. increased its stake in 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 purchasing an additional 1,316 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 123.4% in the third quarter. Two Sigma Investments LP now owns 48,700 shares of the company’s stock valued at $1,727,000 after purchasing an additional 26,900 shares in the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Down 0.9%

Shares of NASDAQ DVOL opened at $36.84 on Friday. The firm has a market capitalization of $71.84 million, a P/E ratio of 24.91 and a beta of 0.74. The firm’s 50-day moving average price is $37.39 and its 200-day moving average price is $36.51. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 1-year low of $33.60 and a 1-year high of $38.30.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.0989 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.03.

First Trust Dorsey Wright Momentum & Low Volatility ETF 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.