First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Stock Price Up 0.2% – Here’s Why

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

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance

The stock has a market cap of $73.75 million, a P/E ratio of 24.91 and a beta of 0.75. The business has a 50 day simple moving average of $36.78 and a 200-day simple moving average of $36.29.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0989 dividend. This is an increase from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.0%.

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

A number of large investors have recently added to or reduced their stakes in DVOL. Balefire LLC raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 15.6% in the second quarter. Balefire LLC now owns 38,328 shares of the company’s stock worth $1,401,000 after acquiring an additional 5,186 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% during the 1st quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock valued at $686,000 after acquiring an additional 2,125 shares during the period. Fifth Third Bancorp bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 1st quarter valued at approximately $342,000. Royal Bank of Canada increased its stake in shares of 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 worth $2,390,000 after purchasing an additional 68,197 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 4th quarter worth approximately $111,000.

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.