First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Share Price Breaks Above Two Hundred Day Moving Average – What’s Next?

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) shares passed above its two hundred day moving average during trading on Thursday. The stock has a two hundred day moving average of $36.31 and traded as high as $36.63. First Trust Dorsey Wright Momentum & Low Volatility ETF shares last traded at $36.63, with a volume of 2,506 shares changing hands.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance

The business’s 50 day moving average price is $35.99 and its 200-day moving average price is $36.31. The firm has a market capitalization of $75.09 million, a PE ratio of 24.91 and a beta of 0.72.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The business also recently announced 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 was Thursday, September 24th. This represents a $0.26 annualized dividend and a yield of 0.7%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DVOL. Nilsine Partners LLC lifted its stake 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 purchasing an additional 1,082 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of 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 buying an additional 2,125 shares in the last quarter. Balefire LLC grew its stake in shares of 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 buying an additional 5,186 shares in the last quarter. Fifth Third Bancorp acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the first quarter valued at $342,000. Finally, Sigma Planning Corp purchased a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the 3rd quarter valued at $558,000.

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.