Raymond James Financial Inc. Boosts Stake in First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

Raymond James Financial Inc. boosted its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 4.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 153,977 shares of the company’s stock after buying an additional 6,085 shares during the period. Raymond James Financial Inc. owned 8.55% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $5,473,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Cambridge Investment Research Advisors Inc. purchased a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the first quarter valued at about $208,000. Sigma Planning Corp grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.7% during the first quarter. Sigma Planning Corp now owns 8,805 shares of the company’s stock valued at $313,000 after purchasing an additional 992 shares in the last quarter. Cetera Investment Advisers grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 22.4% during the fourth quarter. Cetera Investment Advisers now owns 10,726 shares of the company’s stock valued at $363,000 after purchasing an additional 1,960 shares in the last quarter. Private Advisory Group LLC grew its position in shares of 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 valued at $1,352,000 after purchasing an additional 903 shares in the last quarter. Finally, Citadel Advisors LLC grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 30.3% during the fourth quarter. Citadel Advisors LLC now owns 41,988 shares of the company’s stock valued at $1,423,000 after purchasing an additional 9,767 shares in the last quarter.

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

Shares of First Trust Dorsey Wright Momentum & Low Volatility ETF stock opened at $35.17 on Friday. The firm has a market cap of $72.10 million, a price-to-earnings ratio of 24.91 and a beta of 0.80. The business has a 50-day moving average price of $34.79 and a 200-day moving average price of $34.82. First Trust Dorsey Wright Momentum & Low Volatility ETF has a twelve month low of $31.30 and a twelve month high of $36.62.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

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