Sigma Planning Corp Makes New $558,000 Investment in First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

Sigma Planning Corp bought a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 15,920 shares of the company’s stock, valued at approximately $558,000. Sigma Planning Corp owned approximately 0.76% of First Trust Dorsey Wright Momentum & Low Volatility ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nilsine Partners LLC lifted its position in shares of 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. Balefire LLC grew its position 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 worth $1,401,000 after purchasing an additional 5,186 shares in the last quarter. Cetera Investment Advisers grew its position in 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 worth $686,000 after purchasing an additional 2,125 shares in the last quarter. Finally, Fifth Third Bancorp bought a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF in the 1st quarter worth about $342,000.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance

NASDAQ:DVOL opened at $36.33 on Friday. The firm 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 52 week low of $33.60 and a 52 week high of $38.30. The firm has a 50-day moving average price of $35.98 and a two-hundred day moving average price of $36.31.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders 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. This represents a $0.26 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, September 24th.

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.