Concurrent Investment Advisors LLC Has $274,000 Stock Position in First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

Concurrent Investment Advisors LLC reduced its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 4.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,806 shares of the company’s stock after selling 349 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF were worth $274,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. GGM Financials LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the second quarter valued at about $7,174,000. Raymond James Financial Inc. grew its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.1% during the first quarter. Raymond James Financial Inc. now owns 153,977 shares of the company’s stock valued at $5,473,000 after buying an additional 6,085 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.7% during the second quarter. Farther Finance Advisors LLC now owns 77,048 shares of the company’s stock worth $2,705,000 after purchasing an additional 2,048 shares during the last quarter. LPL Financial LLC boosted its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 38.9% during the first quarter. LPL Financial LLC now owns 55,463 shares of the company’s stock worth $1,971,000 after purchasing an additional 15,541 shares during the last quarter. Finally, Private Advisory Group LLC boosted its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.4% during the first quarter. Private Advisory Group LLC now owns 38,041 shares of the company’s stock worth $1,352,000 after purchasing an additional 903 shares during the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance

First Trust Dorsey Wright Momentum & Low Volatility ETF stock opened at $34.58 on Monday. First Trust Dorsey Wright Momentum & Low Volatility ETF has a fifty-two week low of $31.30 and a fifty-two week high of $36.62. The stock has a market cap of $88.18 million, a PE ratio of 24.91 and a beta of 0.80. The firm’s 50-day simple moving average is $34.98 and its 200 day simple moving average is $34.75.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were issued a dividend of $0.0529 per share. The ex-dividend date was Thursday, September 25th. This represents a $0.21 annualized dividend and a yield of 0.6%.

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.