DVOL - First Trust Dorsey Wright Momentum & Low Volatility ETF
| Assets | $120.66M |
| NAV | $26.23 |
| Expense Ratio | 0.60% |
| PE Ratio | 33.67 |
| Beta (5Y) | 0.76 |
| Dividend (ttm) | $0.11 |
| Dividend Yield | 0.42% |
| Ex-Dividend Date | Mar 25, 2021 |
| 1-Year Return | - |
| Trading Day | April 20 |
| Last Price | $26.12 |
| Previous Close | $26.21 |
| Change ($) | -0.09 |
| Change (%) | -0.33% |
| Day's Open | 26.13 |
| Day's Range | 25.82 - 26.14 |
| Day's Volume | 242,838 |
| 52-Week Range | 18.68 - 26.34 |
Fund Description
The investment seeks investment results that correspond generally to the price and yield (before the fund's fees and expenses) of an index called the Dorsey Wright Momentum Plus Low Volatility Index (the index). Under normal conditions, the fund will invest at least 90% of its net assets (including investment borrowings) in the equity securities that comprise the index. The index is a rules-based equity index designed to track the overall performance of the 50 stocks comprising the NASDAQ US Large Mid Index that exhibit the lowest levels of volatility while still maintaining high levels of relative strength. The fund is non-diversified.
| Asset Class Equity | Inception Date Sep 5, 2018 |
| Exchange NASDAQ | Ticker Symbol DVOL |
| Index Tracked Dorsey Wright Momentum Plus Low Volatility Index | |
Top 10 Holdings
28.77% of assets| Name | Symbol | Weight |
|---|---|---|
| Intercontinental Exchange | ICE | 3.10% |
| Arthur J. Gallagher | AJG | 2.91% |
| Toro Company | TTC | 2.91% |
| Graco | GGG | 2.88% |
| Agilent Technologies | A | 2.87% |
| Nasdaq | NDAQ | 2.86% |
| Sherwin-Williams | SHW | 2.86% |
| Illinois Tool Works | ITW | 2.83% |
| Garmin | GRMN | 2.78% |
| Steris | STE | 2.77% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2021 | $0.0107 | Mar 31, 2021 |
| Dec 24, 2020 | $0.0094 | Dec 31, 2020 |
| Sep 24, 2020 | $0.004 | Sep 30, 2020 |
| Jun 25, 2020 | $0.085 | Jun 30, 2020 |
| Mar 26, 2020 | $0.0494 | Mar 31, 2020 |
| Dec 13, 2019 | $0.1935 | Dec 31, 2019 |
These high-momentum ETFs and stocks could be good ways to play the latest optimism in the market.
Low-beta products exhibit greater levels of stability than their market-sensitive counterparts and will usually lose less when the market is crumbling.
Investors seeking to remain invested in the equity world could consider low beta ETFs.