Raymond James Financial Inc. acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 147,892 shares of the company’s stock, valued at approximately $5,011,000. Raymond James Financial Inc. owned about 8.96% of First Trust Dorsey Wright Momentum & Low Volatility ETF as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DVOL. Private Trust Co. NA acquired a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF during the 4th quarter worth about $223,000. Concurrent Investment Advisors LLC lifted its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 8,155 shares of the company’s stock valued at $276,000 after buying an additional 349 shares during the period. Finally, Global Retirement Partners LLC acquired a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF during the fourth quarter worth approximately $233,000.
First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Performance
Shares of DVOL opened at $35.50 on Wednesday. First Trust Dorsey Wright Momentum & Low Volatility ETF has a fifty-two week low of $29.05 and a fifty-two week high of $36.62. The company has a market capitalization of $58.58 million, a PE ratio of 23.87 and a beta of 0.80. The stock has a fifty day moving average of $35.27 and a two-hundred day moving average of $34.64.
About First Trust Dorsey Wright Momentum & Low Volatility ETF
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.
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