First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Trading Up 0.3% – Time to Buy?

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) shares rose 0.3% on Monday . The stock traded as high as $37.40 and last traded at $37.31. Approximately 3,542 shares traded hands during trading, a decline of 62% from the average session volume of 9,263 shares. The stock had previously closed at $37.21.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

The business’s 50-day simple moving average is $37.33 and its 200-day simple moving average is $36.50. The stock has a market cap of $72.79 million, a PE ratio of 24.91 and a beta of 0.74.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0989 per share. This is an increase from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Csenge Advisory Group grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.4% in the 4th quarter. Csenge Advisory Group now owns 567,061 shares of the company’s stock worth $19,867,000 after buying an additional 23,861 shares during the last quarter. Warner Group LLC raised its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 49.2% during the fourth quarter. Warner Group LLC now owns 14,550 shares of the company’s stock valued at $510,000 after acquiring an additional 4,799 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 45.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 10,985 shares of the company’s stock worth $385,000 after acquiring an additional 3,434 shares during the period. Balefire LLC lifted its stake 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. Finally, Cetera Investment Advisers lifted its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock worth $686,000 after purchasing an additional 2,125 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.