Raymond James & Associates lessened its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL – Free Report) by 4.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 165,649 shares of the company’s stock after selling 7,011 shares during the period. Raymond James & Associates owned about 7.36% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $4,373,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also modified their holdings of the business. Commonwealth Equity Services LLC grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 0.5% in the first quarter. Commonwealth Equity Services LLC now owns 560,043 shares of the company’s stock valued at $14,311,000 after purchasing an additional 2,662 shares during the last quarter. Baird Financial Group Inc. raised its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 38.2% during the 1st quarter. Baird Financial Group Inc. now owns 97,862 shares of the company’s stock valued at $2,804,000 after acquiring an additional 27,064 shares during the last quarter. Susquehanna International Group LLP raised its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 27.5% during the 1st quarter. Susquehanna International Group LLP now owns 47,982 shares of the company’s stock valued at $1,226,000 after acquiring an additional 10,343 shares during the last quarter. Silver Oak Securities Incorporated grew its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 3.4% in the 1st quarter. Silver Oak Securities Incorporated now owns 47,149 shares of the company’s stock valued at $1,239,000 after buying an additional 1,561 shares during the period. Finally, Citadel Advisors LLC boosted its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 179.3% in the 2nd quarter. Citadel Advisors LLC now owns 46,045 shares of the company’s stock worth $1,158,000 after purchasing an additional 29,561 shares during the period.
First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance
Shares of NASDAQ:DVOL opened at $24.72 on Wednesday. The company’s 50-day moving average price is $25.43 and its two-hundred day moving average price is $25.72. The stock has a market capitalization of $51.91 million, a PE ratio of 20.31 and a beta of 0.80. First Trust Dorsey Wright Momentum & Low Volatility ETF has a one year low of $24.48 and a one year high of $27.47.
First Trust Dorsey Wright Momentum & Low Volatility ETF Announces Dividend
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.
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