Virtus Wealth Solutions LLC Acquires Shares of 206,526 First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL)

Virtus Wealth Solutions LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 206,526 shares of the company’s stock, valued at approximately $6,997,000. First Trust Dorsey Wright Momentum & Low Volatility ETF accounts for 1.6% of Virtus Wealth Solutions LLC’s investment portfolio, making the stock its 15th biggest position. Virtus Wealth Solutions LLC owned about 12.52% of First Trust Dorsey Wright Momentum & Low Volatility ETF at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Farther Finance Advisors LLC bought a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the 4th quarter worth approximately $35,000. Private Trust Co. NA bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the fourth quarter worth $223,000. Global Retirement Partners LLC bought a new position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the fourth quarter worth $233,000. Concurrent Investment Advisors LLC grew its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.5% in the fourth quarter. Concurrent Investment Advisors LLC now owns 8,155 shares of the company’s stock valued at $276,000 after purchasing an additional 349 shares in the last quarter. Finally, LPL Financial LLC raised its stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 9.2% during the 4th quarter. LPL Financial LLC now owns 39,922 shares of the company’s stock valued at $1,353,000 after purchasing an additional 3,371 shares during the period.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Up 1.6 %

Shares of NASDAQ DVOL opened at $33.98 on Friday. The company has a market cap of $56.07 million, a P/E ratio of 22.32 and a beta of 0.80. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 52 week low of $29.05 and a 52 week high of $36.62. The business has a 50-day simple moving average of $34.96 and a two-hundred day simple moving average of $34.76.

First Trust Dorsey Wright Momentum & Low Volatility ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a $0.0869 dividend. This is a positive change from First Trust Dorsey Wright Momentum & Low Volatility ETF’s previous quarterly dividend of $0.02. This represents a $0.35 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date was Thursday, March 27th.

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.