First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Trading 0.3% Higher – Still a Buy?

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) traded up 0.3% during mid-day trading on Monday . The stock traded as high as $37.40 and last traded at $37.31. Approximately 3,542 shares traded hands during mid-day trading, a decline of 62% from the average session volume of 9,263 shares. The stock had previously closed at $37.21.

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

The stock’s 50-day moving average price is $37.31 and its 200 day moving average price is $36.49. The firm has a market cap of $72.75 million, a price-to-earnings ratio of 24.91 and a beta of 0.74.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.0989 per share. 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 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, June 25th.

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

A number of hedge funds have recently modified their holdings of the company. Csenge Advisory Group raised its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.4% in the fourth quarter. Csenge Advisory Group now owns 567,061 shares of the company’s stock valued at $19,867,000 after purchasing an additional 23,861 shares in the last quarter. Warner Group LLC boosted its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 49.2% during the fourth quarter. Warner Group LLC now owns 14,550 shares of the company’s stock worth $510,000 after buying an additional 4,799 shares in the last quarter. Concurrent Investment Advisors LLC increased its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 45.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 10,985 shares of the company’s stock valued at $385,000 after buying an additional 3,434 shares during the period. Balefire LLC increased its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 15.6% in the 2nd quarter. Balefire LLC now owns 38,328 shares of the company’s stock valued at $1,401,000 after buying an additional 5,186 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% in the 1st quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock valued at $686,000 after buying an additional 2,125 shares in the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Company 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. DVOL was launched on Sep 5, 2018 and is managed by First Trust.