LPL Financial LLC Boosts Stock Position in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL)

LPL Financial LLC raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 39,922 shares of the company’s stock after buying an additional 3,371 shares during the period. LPL Financial LLC owned about 2.42% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $1,353,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC purchased a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 4th quarter valued at approximately $35,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the fourth quarter worth about $5,011,000. Global Retirement Partners LLC acquired a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF during the 4th quarter worth approximately $233,000. Private Trust Co. NA purchased a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the fourth quarter valued at $223,000. Finally, Concurrent Investment Advisors LLC increased its holdings in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.5% in the 4th quarter. Concurrent Investment Advisors LLC now owns 8,155 shares of the company’s stock valued at $276,000 after acquiring an additional 349 shares during the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Up 0.6 %

NASDAQ:DVOL opened at $34.27 on Friday. The stock’s 50 day moving average price is $34.82 and its 200 day moving average price is $34.79. The company has a market capitalization of $61.69 million, a PE ratio of 22.32 and a beta of 0.80. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 52-week low of $29.05 and a 52-week high of $36.62.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a $0.0869 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.35 dividend on an annualized basis and a yield of 1.01%. This is an increase from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.02.

First Trust Dorsey Wright Momentum & Low Volatility ETF Company 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.