First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Share Price Breaks Above Two Hundred Day Moving Average – What’s Next?

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) crossed above its two hundred day moving average during trading on Thursday. The stock has a two hundred 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 firm’s 50-day moving average price is $35.99 and its two-hundred day moving average price is $36.31. The stock has a market cap of $75.09 million, a price-to-earnings ratio of 24.91 and a beta of 0.72.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The company also recently announced 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 annualized dividend and a yield of 0.7%. The ex-dividend date was Thursday, September 24th. This is a negative change from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.0989.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in DVOL. Sigma Planning Corp purchased a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 3rd quarter valued at approximately $558,000. Balefire LLC grew its position in 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 worth $1,146,000 after acquiring an additional 10,840 shares during the period. Fifth Third Bancorp acquired a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF during the first quarter worth $342,000. Cetera Investment Advisers increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock worth $686,000 after acquiring an additional 2,125 shares during the last quarter. Finally, Nilsine Partners LLC raised its position in 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 valued at $1,410,000 after purchasing an additional 1,082 shares during the period.

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.