Raymond James & Associates Reduces Stake in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL)

Raymond James & Associates decreased its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL – Get Rating) by 12.5% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 177,126 shares of the company’s stock after selling 25,410 shares during the period. Raymond James & Associates owned 6.68% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $4,656,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Baird Financial Group Inc. increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 38.2% in the 1st quarter. Baird Financial Group Inc. now owns 97,862 shares of the company’s stock worth $2,804,000 after acquiring an additional 27,064 shares during the last quarter. Citadel Advisors LLC increased 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 acquiring an additional 29,561 shares during the last quarter. Private Advisory Group LLC increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 6.9% in the 1st quarter. Private Advisory Group LLC now owns 29,189 shares of the company’s stock worth $836,000 after acquiring an additional 1,873 shares during the last quarter. UBS Group AG increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 421.4% in the 4th quarter. UBS Group AG now owns 4,760 shares of the company’s stock worth $125,000 after acquiring an additional 3,847 shares during the last quarter. Finally, Prospera Financial Services Inc increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 8.1% in the 4th quarter. Prospera Financial Services Inc now owns 67,051 shares of the company’s stock worth $1,762,000 after acquiring an additional 5,028 shares during the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Down 1.1 %

Shares of First Trust Dorsey Wright Momentum & Low Volatility ETF stock opened at $25.26 on Wednesday. The firm has a market capitalization of $58.10 million, a PE ratio of 20.31 and a beta of 0.80. The business’s 50-day moving average price is $25.83 and its 200-day moving average price is $25.70. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 12 month low of $23.38 and a 12 month high of $27.69.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Monday, March 27th were given a dividend of $0.099 per share. The ex-dividend date of this dividend was Friday, March 24th. This represents a $0.40 annualized dividend and a dividend yield of 1.57%.

First Trust Dorsey Wright Momentum & Low Volatility ETF Profile

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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.