First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Trading 0.6% Higher – Here’s Why

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL)’s share price was up 0.6% during trading on Monday . The company traded as high as $35.81 and last traded at $35.74. 3,053 shares were traded during trading, a decline of 66% from the average daily volume of 9,020 shares. The stock had previously closed at $35.52.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

The firm has a market capitalization of $71.05 million, a PE ratio of 24.91 and a beta of 0.73. The firm has a 50-day simple moving average of $37.10 and a 200-day simple moving average of $36.41.

Hedge Funds Weigh In On First Trust Dorsey Wright Momentum & Low Volatility ETF

Institutional investors and hedge funds have recently made changes to their positions in the business. Fifth Third Bancorp purchased a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF during the first quarter valued at approximately $342,000. Cetera Investment Advisers grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% during the 1st 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. Prospera Financial Services Inc grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.9% during the 4th quarter. Prospera Financial Services Inc now owns 26,478 shares of the company’s stock valued at $928,000 after acquiring an additional 753 shares during the period. Balefire LLC increased its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.6% in the 1st quarter. Balefire LLC now owns 33,142 shares of the company’s stock worth $1,146,000 after purchasing an additional 10,840 shares in the last quarter. Finally, Nilsine Partners LLC increased its stake in shares of 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 purchasing an additional 1,082 shares in 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.