First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Trading 0.3% Higher – Still a Buy?

First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) shot up 0.3% during mid-day trading on Monday . The company traded as high as $37.40 and last traded at $37.31. 3,542 shares changed hands during mid-day trading, a decline of 62% from the average session volume of 9,263 shares. The stock had previously closed at $37.21.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Up 0.3%

The company’s 50-day simple moving average is $37.31 and its 200 day simple moving average is $36.49. The company has a market capitalization of $72.75 million, a P/E ratio of 24.91 and a beta of 0.74.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0989 dividend. This is a boost from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.03. This represents a $0.40 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date was Thursday, June 25th.

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

Several hedge funds have recently bought and sold shares of the business. Prospera Financial Services Inc lifted its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.9% during the fourth quarter. Prospera Financial Services Inc now owns 26,478 shares of the company’s stock worth $928,000 after buying an additional 753 shares during the last quarter. Nilsine Partners LLC grew its stake in shares of 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 last quarter. Advisory Services Network LLC acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the third quarter worth $39,000. Baird Financial Group Inc. grew its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 1.8% in the second quarter. Baird Financial Group Inc. now owns 75,572 shares of the company’s stock worth $2,653,000 after acquiring an additional 1,316 shares during the last quarter. Finally, Cetera Investment Advisers increased 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 worth $686,000 after acquiring an additional 2,125 shares during the period.

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.