First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Stock Price Down 0.6% – Here’s Why

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) shares traded down 0.6% during mid-day trading on Thursday . The company traded as low as $36.11 and last traded at $36.12. 9,418 shares traded hands during trading, a decline of 23% from the average session volume of 12,164 shares. The stock had previously closed at $36.35.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

The stock has a market capitalization of $72.24 million, a P/E ratio of 24.91 and a beta of 0.80. The stock’s fifty day moving average price is $35.79 and its 200 day moving average price is $35.40.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0292 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, March 26th.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Csenge Advisory Group purchased a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the third quarter valued at approximately $19,259,000. Brookwood Investment Group LLC increased its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 103.9% during the 3rd quarter. Brookwood Investment Group LLC now owns 140,142 shares of the company’s stock worth $4,969,000 after purchasing an additional 71,414 shares during the period. Royal Bank of Canada raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 358,931.6% during the 4th quarter. Royal Bank of Canada now owns 68,216 shares of the company’s stock valued at $2,390,000 after purchasing an additional 68,197 shares in the last quarter. Raymond James Financial Inc. raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 17.7% during the 2nd quarter. Raymond James Financial Inc. now owns 181,222 shares of the company’s stock valued at $6,362,000 after purchasing an additional 27,245 shares in the last quarter. Finally, Two Sigma Investments LP lifted its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 123.4% in the 3rd quarter. Two Sigma Investments LP now owns 48,700 shares of the company’s stock worth $1,727,000 after buying an additional 26,900 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.