Csenge Advisory Group Buys 60,373 Shares of First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

Csenge Advisory Group lifted its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 7.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 907,235 shares of the company’s stock after purchasing an additional 60,373 shares during the period. First Trust Dorsey Wright Momentum & Low Volatility ETF accounts for approximately 1.2% of Csenge Advisory Group’s investment portfolio, making the stock its 14th biggest holding. Csenge Advisory Group owned approximately 44.26% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $31,822,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sigma Planning Corp acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 3rd quarter worth approximately $558,000. Balefire LLC increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.6% in the first quarter. Balefire LLC now owns 33,142 shares of the company’s stock valued at $1,146,000 after acquiring an additional 10,840 shares during the last quarter. Fifth Third Bancorp bought a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the first quarter valued at approximately $342,000. Cetera Investment Advisers raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% during the first quarter. Cetera Investment Advisers now owns 19,851 shares of the company’s stock valued at $686,000 after purchasing an additional 2,125 shares in the last quarter. Finally, Nilsine Partners LLC raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.9% during the second quarter. Nilsine Partners LLC now owns 38,576 shares of the company’s stock valued at $1,410,000 after purchasing an additional 1,082 shares in the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

NASDAQ DVOL opened at $37.02 on Wednesday. The business has a fifty day moving average price of $35.91 and a two-hundred day moving average price of $36.34. First Trust Dorsey Wright Momentum & Low Volatility ETF has a fifty-two week low of $33.60 and a fifty-two week high of $38.30. The stock has a market capitalization of $75.88 million, a PE ratio of 18.88 and a beta of 0.70.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.0656 per share. This is a decrease from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.0989. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.26 dividend on an annualized basis and a dividend yield of 0.7%.

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.