First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Shares Up 0.9% – Time to Buy?

Shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) traded up 0.9% during trading on Thursday. The stock traded as high as $35.69 and last traded at $35.6790. 2,110 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 8,998 shares. The stock had previously closed at $35.37.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

The company’s fifty day moving average is $36.29 and its 200-day moving average is $36.48. The stock has a market cap of $75.14 million, a PE ratio of 24.91 and a beta of 0.72.

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. Shareholders of record on Thursday, September 24th were issued a $0.0656 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a negative change from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.0989. This represents a $0.26 annualized dividend and a yield of 0.7%.

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

Institutional investors have recently modified their holdings of the stock. Nilsine Partners LLC grew its holdings 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 worth $1,410,000 after acquiring an additional 1,082 shares during the period. Balefire LLC lifted its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 15.6% in the second quarter. Balefire LLC now owns 38,328 shares of the company’s stock valued at $1,401,000 after acquiring an additional 5,186 shares during the period. Cetera Investment Advisers lifted its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.0% in the first 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. Finally, Fifth Third Bancorp acquired a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the first quarter valued at approximately $342,000.

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.