First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Shares Up 0.2% – What’s Next?

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) rose 0.2% on Monday . The stock traded as high as $37.84 and last traded at $37.82. Approximately 5,827 shares traded hands during trading, a decline of 41% from the average session volume of 9,854 shares. The stock had previously closed at $37.75.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Up 0.2%

The stock has a 50-day simple moving average of $36.78 and a 200-day simple moving average of $36.29. The firm has a market capitalization of $73.75 million, a PE ratio of 24.91 and a beta of 0.75.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.0989 per share. This represents a $0.40 annualized dividend and a dividend yield of 1.0%. The ex-dividend date 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.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings 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 acquiring an additional 68,197 shares during the period. Raymond James Financial Inc. boosted 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 worth $6,362,000 after acquiring an additional 27,245 shares during the period. Two Sigma Investments LP boosted its holdings in shares of 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 worth $1,727,000 after acquiring an additional 26,900 shares during the period. Csenge Advisory Group grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.4% in the fourth quarter. Csenge Advisory Group now owns 567,061 shares of the company’s stock valued at $19,867,000 after purchasing an additional 23,861 shares in the last quarter. Finally, Balefire LLC grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.6% in 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 in 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.