First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) Stock Position Cut by Prospera Financial Services Inc

Prospera Financial Services Inc lessened its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 9.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,333 shares of the company’s stock after selling 1,910 shares during the period. Prospera Financial Services Inc owned 1.25% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James & Associates grew its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.1% in the 3rd quarter. Raymond James & Associates now owns 140,022 shares of the company’s stock valued at $4,642,000 after buying an additional 2,850 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 2nd quarter valued at about $259,000. Concurrent Investment Advisors LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 2nd quarter valued at about $238,000. Finally, Private Advisory Group LLC boosted its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 3.8% during the 2nd quarter. Private Advisory Group LLC now owns 48,706 shares of the company’s stock valued at $1,474,000 after purchasing an additional 1,773 shares in the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Trading Up 0.7 %

NASDAQ:DVOL opened at $36.26 on Friday. First Trust Dorsey Wright Momentum & Low Volatility ETF has a twelve month low of $26.52 and a twelve month high of $36.26. The company has a 50-day moving average of $34.15 and a 200-day moving average of $32.07. The firm has a market cap of $56.20 million, a price-to-earnings ratio of 22.91 and a beta of 0.80.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.023 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.09 annualized dividend and a dividend yield of 0.25%.

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.