Cambridge Investment Research Advisors Inc. Invests $208,000 in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL)

Cambridge Investment Research Advisors Inc. bought a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,847 shares of the company’s stock, valued at approximately $208,000. Cambridge Investment Research Advisors Inc. owned approximately 0.32% of First Trust Dorsey Wright Momentum & Low Volatility ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the fourth quarter valued at about $35,000. Cetera Investment Advisers lifted its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 22.4% in the 4th quarter. Cetera Investment Advisers now owns 10,726 shares of the company’s stock valued at $363,000 after acquiring an additional 1,960 shares in the last quarter. LPL Financial LLC boosted its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 9.2% during the 4th quarter. LPL Financial LLC now owns 39,922 shares of the company’s stock valued at $1,353,000 after purchasing an additional 3,371 shares during the last quarter. Citadel Advisors LLC increased its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 30.3% during the 4th quarter. Citadel Advisors LLC now owns 41,988 shares of the company’s stock worth $1,423,000 after purchasing an additional 9,767 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF during the 4th quarter worth approximately $5,011,000.

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

DVOL stock opened at $34.68 on Tuesday. The firm has a market capitalization of $74.55 million, a PE ratio of 24.91 and a beta of 0.80. First Trust Dorsey Wright Momentum & Low Volatility ETF has a twelve month low of $29.05 and a twelve month high of $36.62. The stock’s 50 day moving average is $34.98 and its 200-day moving average is $34.84.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Thursday, June 26th were given a $0.0604 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend was Thursday, June 26th.

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.