Sigma Planning Corp Buys 15,920 Shares of First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

Sigma Planning Corp bought a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,920 shares of the company’s stock, valued at approximately $558,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DVOL. Balefire LLC grew its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 48.6% during the first quarter. Balefire LLC now owns 33,142 shares of the company’s stock valued at $1,146,000 after buying an additional 10,840 shares during the period. Fifth Third Bancorp bought a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF in the first quarter worth about $342,000. Cetera Investment Advisers raised its position 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 worth $686,000 after acquiring an additional 2,125 shares during the period. Finally, Nilsine Partners LLC raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.9% in 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.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Down 0.8%

DVOL opened at $36.33 on Friday. The stock has a market cap of $74.48 million, a price-to-earnings ratio of 24.91 and a beta of 0.72. First Trust Dorsey Wright Momentum & Low Volatility ETF has a twelve month low of $33.60 and a twelve month high of $38.30. The company’s 50-day moving average price is $35.98 and its two-hundred day moving average price is $36.31.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0656 dividend. This is a drop 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%.

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. DVOL was launched on Sep 5, 2018 and is managed by First Trust.