Royal Bank of Canada Has $154,000 Stake in First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

Royal Bank of Canada lowered its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 93.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 4,455 shares of the company’s stock after selling 63,761 shares during the period. Royal Bank of Canada owned about 0.22% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $154,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Advisory Services Network LLC bought a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the third quarter valued at about $39,000. O Shaughnessy Asset Management LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the fourth quarter worth about $111,000. Envestnet Asset Management Inc. bought a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the third quarter worth about $201,000. Fifth Third Bancorp acquired a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the first quarter valued at approximately $342,000. Finally, Concurrent Investment Advisors LLC increased its stake in shares of 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 valued at $385,000 after buying an additional 3,434 shares during the period.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

Shares of NASDAQ DVOL opened at $36.84 on Friday. The company has a 50 day simple moving average of $37.39 and a 200 day simple moving average of $36.51. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 1 year low of $33.60 and a 1 year high of $38.30. The firm has a market cap of $71.84 million, a PE ratio of 24.91 and a beta of 0.74.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given 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 was Thursday, June 25th. This represents a $0.40 annualized dividend and a yield of 1.1%.

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.