GGM Financials LLC Makes New Investment in First Trust Dorsey Wright Momentum & Low Volatility ETF $DVOL

GGM Financials LLC bought a new stake in First Trust Dorsey Wright Momentum & Low Volatility ETF (NASDAQ:DVOL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 204,335 shares of the company’s stock, valued at approximately $7,174,000. First Trust Dorsey Wright Momentum & Low Volatility ETF accounts for 1.4% of GGM Financials LLC’s portfolio, making the stock its 20th biggest position. GGM Financials LLC owned 0.10% of First Trust Dorsey Wright Momentum & Low Volatility ETF as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DVOL. Brookwood Investment Group LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the second quarter valued at about $2,413,000. LPL Financial LLC boosted its position in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF by 38.9% in the first quarter. LPL Financial LLC now owns 55,463 shares of the company’s stock valued at $1,971,000 after acquiring an additional 15,541 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in shares of First Trust Dorsey Wright Momentum & Low Volatility ETF in the second quarter valued at about $437,000. Mutual Advisors LLC acquired a new position in First Trust Dorsey Wright Momentum & Low Volatility ETF in the second quarter valued at about $228,000. Finally, Raymond James Financial Inc. raised its stake in First Trust Dorsey Wright Momentum & Low Volatility ETF by 4.1% in the first quarter. Raymond James Financial Inc. now owns 153,977 shares of the company’s stock valued at $5,473,000 after purchasing an additional 6,085 shares in the last quarter.

First Trust Dorsey Wright Momentum & Low Volatility ETF Stock Up 0.2%

DVOL stock opened at $34.91 on Tuesday. The company has a market cap of $89.02 million, a PE ratio of 24.91 and a beta of 0.80. The business has a 50-day simple moving average of $34.99 and a 200 day simple moving average of $34.84. First Trust Dorsey Wright Momentum & Low Volatility ETF has a 52 week low of $31.30 and a 52 week high of $36.62.

First Trust Dorsey Wright Momentum & Low Volatility ETF Cuts Dividend

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

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.