First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Trading Up 0.7% – What’s Next?

Shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) were up 0.7% on Monday . The company traded as high as $36.90 and last traded at $36.90. Approximately 2,484 shares traded hands during mid-day trading, a decline of 83% from the average daily volume of 14,487 shares. The stock had previously closed at $36.65.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Up 0.3%

The stock has a market capitalization of $78.67 million, a price-to-earnings ratio of 24.91 and a beta of 0.79. The stock’s 50 day moving average is $36.18 and its 200 day moving average is $35.37.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1008 per share. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.05. This represents a $0.40 annualized dividend and a yield of 1.1%.

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

Hedge funds have recently made changes to their positions in the company. Brookwood Investment Group LLC boosted its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 103.9% in the third quarter. Brookwood Investment Group LLC now owns 140,142 shares of the company’s stock worth $4,969,000 after purchasing an additional 71,414 shares during the period. Csenge Advisory Group acquired a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF during the 3rd quarter valued at about $19,259,000. Sigma Planning Corp boosted its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 55.4% during the 2nd quarter. Sigma Planning Corp now owns 13,680 shares of the company’s stock valued at $480,000 after purchasing an additional 4,875 shares during the period. Balefire LLC bought a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the 3rd quarter worth about $542,000. Finally, Global Retirement Partners LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the second quarter valued at approximately $242,000.

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.