First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Shares Up 0.9% – What’s Next?

Shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) rose 0.9% on Thursday. The stock traded as high as $35.69 and last traded at $35.6790. 2,110 shares were traded during trading, a decline of 77% from the average session volume of 8,998 shares. The stock had previously closed at $35.37.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance

The firm has a market capitalization of $74.93 million, a P/E ratio of 24.91 and a beta of 0.72. The firm has a 50-day moving average of $36.33 and a 200-day moving average of $36.49.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.0656 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.26 dividend on an annualized basis and a yield of 0.7%. This is a decrease from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.0989.

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

Large investors have recently added to or reduced their stakes in the company. Nilsine Partners LLC grew its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.9% in the 2nd quarter. Nilsine Partners LLC now owns 38,576 shares of the company’s stock worth $1,410,000 after acquiring an additional 1,082 shares during the last quarter. Balefire LLC increased its position in shares of 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 valued at $1,401,000 after acquiring an additional 5,186 shares during the period. Cetera Investment Advisers increased its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% in the first 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. Finally, Fifth Third Bancorp bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the first quarter valued at about $342,000.

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.