Concurrent Investment Advisors LLC Has $274,000 Stock Position in First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

Concurrent Investment Advisors LLC lowered its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 4.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,806 shares of the company’s stock after selling 349 shares during the period. Concurrent Investment Advisors LLC owned 0.38% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $274,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. GGM Financials LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the second quarter valued at $7,174,000. Raymond James Financial Inc. raised its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.1% during the first quarter. Raymond James Financial Inc. now owns 153,977 shares of the company’s stock valued at $5,473,000 after acquiring an additional 6,085 shares during the last quarter. Farther Finance Advisors LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.7% during the second quarter. Farther Finance Advisors LLC now owns 77,048 shares of the company’s stock valued at $2,705,000 after acquiring an additional 2,048 shares during the last quarter. LPL Financial LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 38.9% during the first quarter. LPL Financial LLC now owns 55,463 shares of the company’s stock valued at $1,971,000 after acquiring an additional 15,541 shares during the last quarter. Finally, Private Advisory Group LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.4% during the first quarter. Private Advisory Group LLC now owns 38,041 shares of the company’s stock valued at $1,352,000 after acquiring an additional 903 shares during the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance

DVOL stock opened at $34.58 on Monday. The company has a fifty day moving average price of $34.98 and a 200-day moving average price of $34.75. The company has a market capitalization of $88.18 million, a P/E ratio of 24.91 and a beta of 0.80. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 52-week low of $31.30 and a 52-week high of $36.62.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were paid a dividend of $0.0529 per share. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.21 annualized dividend and a dividend yield of 0.6%.

First Trust Dorsey Wright Momentum & Low Volatility ETF Profile

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.