First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Declares Quarterly Dividend of $0.03

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) announced a quarterly dividend on Wednesday, March 25th, NASDAQ Dividends reports. Shareholders of record on Thursday, March 26th will be given a dividend of 0.0292 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend is Thursday, March 26th.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance

Shares of First Trust Dorsey Wright Momentum & Low Volatility ETF stock traded down $0.50 during mid-day trading on Thursday, hitting $34.25. 11,706 shares of the stock were exchanged, compared to its average volume of 13,819. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 12 month low of $31.30 and a 12 month high of $37.50. The company has a 50-day simple moving average of $35.99 and a 200 day simple moving average of $35.35. The company has a market capitalization of $73.64 million, a P/E ratio of 24.91 and a beta of 0.79.

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

A number of hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers boosted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 56.1% in the second quarter. Cetera Investment Advisers now owns 17,832 shares of the company’s stock worth $626,000 after purchasing an additional 6,409 shares during the last quarter. Global Retirement Partners LLC bought a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the 2nd quarter valued at $242,000. Baird Financial Group Inc. increased its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 1.8% during the 2nd quarter. Baird Financial Group Inc. now owns 75,572 shares of the company’s stock valued at $2,653,000 after purchasing an additional 1,316 shares during the last quarter. Raymond James Financial Inc. increased its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 17.7% during the 2nd quarter. Raymond James Financial Inc. now owns 181,222 shares of the company’s stock valued at $6,362,000 after purchasing an additional 27,245 shares during the last quarter. Finally, Nilsine Partners LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 3.6% during the 3rd quarter. Nilsine Partners LLC now owns 40,442 shares of the company’s stock worth $1,434,000 after purchasing an additional 1,412 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.