Prospera Financial Services Inc Grows Stock Position in First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

Prospera Financial Services Inc increased its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) by 11.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,220 shares of the company’s stock after buying an additional 2,657 shares during the quarter. Prospera Financial Services Inc owned about 1.28% of First Trust Dorsey Wright Momentum & Low Volatility ETF worth $921,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DVOL. Sigma Planning Corp raised its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 12.7% in the first quarter. Sigma Planning Corp now owns 8,805 shares of the company’s stock valued at $313,000 after acquiring an additional 992 shares during the period. Cetera Investment Advisers grew its holdings in First Trust Dorsey Wright Momentum & Low Volatility ETF by 6.5% during the 1st quarter. Cetera Investment Advisers now owns 11,423 shares of the company’s stock valued at $406,000 after purchasing an additional 697 shares during the last quarter. LPL Financial LLC raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 38.9% in the 1st quarter. LPL Financial LLC now owns 55,463 shares of the company’s stock worth $1,971,000 after purchasing an additional 15,541 shares during the period. Private Advisory Group LLC raised its position in First Trust Dorsey Wright Momentum & Low Volatility ETF by 2.4% in the 1st quarter. Private Advisory Group LLC now owns 38,041 shares of the company’s stock worth $1,352,000 after purchasing an additional 903 shares during the period. Finally, Raymond James Financial Inc. lifted its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.1% during the 1st quarter. Raymond James Financial Inc. now owns 153,977 shares of the company’s stock worth $5,473,000 after acquiring an additional 6,085 shares during the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Price Performance

First Trust Dorsey Wright Momentum & Low Volatility ETF stock opened at $35.40 on Thursday. The stock has a market cap of $88.50 million, a price-to-earnings ratio of 24.91 and a beta of 0.79. The firm has a 50-day moving average of $34.92 and a two-hundred day moving average of $34.90. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 1 year low of $31.30 and a 1 year high of $36.62.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a dividend of $0.0529 per share. This represents a $0.21 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 25th.

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.