First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL Stock: Csenge Advisory Group Raises Stake

Csenge Advisory Group grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 907,235 shares of the company’s stock after purchasing an additional 60,373 shares during the quarter. First Trust Dorsey Wright Momentum & Low Volatility ETF comprises approximately 1.2% of Csenge Advisory Group’s investment portfolio, making the stock its 14th largest position. Csenge Advisory Group owned approximately 0.44% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $31,822,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in DVOL. Sigma Planning Corp bought a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF in the third quarter worth approximately $558,000. Nilsine Partners LLC grew its stake in 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 valued at $1,410,000 after acquiring an additional 1,082 shares during the period. 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 valued at $1,401,000 after purchasing an additional 5,186 shares during the period. Cetera Investment Advisers grew its holdings in shares of 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 valued at $686,000 after buying an additional 2,125 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF during the 1st quarter worth approximately $342,000.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Up 0.4%

Shares of NASDAQ:DVOL opened at $37.02 on Wednesday. The business’s 50 day moving average is $35.91 and its 200 day moving average is $36.34. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 12-month low of $33.60 and a 12-month high of $38.30. The stock has a market cap of $75.88 million, a price-to-earnings ratio of 18.88 and a beta of 0.70.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.0656 per share. 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%.

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.