Weaver Consulting Group Reduces Position in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL)

Weaver Consulting Group lowered its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 8.2% in the first quarter, HoldingsChannel reports. The institutional investor owned 7,769 shares of the company’s stock after selling 694 shares during the period. Weaver Consulting Group’s holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF were worth $237,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Kestra Private Wealth Services LLC acquired a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF during the 4th quarter worth about $395,000.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

First Trust Dorsey Wright Momentum & Low Volatility ETF stock traded down $0.09 during trading hours on Friday, hitting $30.27. 3,995 shares of the stock traded hands, compared to its average volume of 6,159. The firm’s 50 day moving average price is $30.11 and its 200-day moving average price is $29.17. The stock has a market capitalization of $48.44 million, a price-to-earnings ratio of 22.91 and a beta of 0.80. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 1 year low of $24.42 and a 1 year high of $30.95.

First Trust Dorsey Wright Momentum & Low Volatility ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a $0.0435 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.17 dividend on an annualized basis and a yield of 0.57%.

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.