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

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) shares were up 0.2% on Monday . The company traded as high as $37.84 and last traded at $37.82. Approximately 5,827 shares traded hands during trading, a decline of 41% from the average session 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 $74.30 million, a price-to-earnings ratio of 24.91 and a beta of 0.75. The business’s fifty day simple moving average is $36.80 and its 200 day simple moving average is $36.31.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.0989 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change 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 1.0%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Csenge Advisory Group increased its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.4% during the 4th quarter. Csenge Advisory Group now owns 567,061 shares of the company’s stock worth $19,867,000 after purchasing an additional 23,861 shares during the last quarter. Raymond James Financial Inc. grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.4% during the third quarter. Raymond James Financial Inc. now owns 203,741 shares of the company’s stock worth $7,224,000 after buying an additional 22,519 shares in the last quarter. Baird Financial Group Inc. grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 1.8% during the second quarter. Baird Financial Group Inc. now owns 75,572 shares of the company’s stock worth $2,653,000 after buying an additional 1,316 shares in the last quarter. Royal Bank of Canada increased its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 358,931.6% in the fourth quarter. Royal Bank of Canada now owns 68,216 shares of the company’s stock worth $2,390,000 after buying an additional 68,197 shares during the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 123.4% in the third quarter. Two Sigma Investments LP now owns 48,700 shares of the company’s stock worth $1,727,000 after buying an additional 26,900 shares during the last quarter.

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.