DVOL First Trust Dorsey Wright Momentum & Low Volatility ETF

Seeks to track, before fees and expenses, the Dorsey Wright Momentum Plus Low Volatility Index. The Index starts with securities in the NASDAQ US Large Mid Cap Index. All securities in the Index universe are ranked using a proprietary relative strength (momentum) measure. Each security’s score is based on intermediate and long term price movements relative to a representative market benchmark. Only those securities presenting a “buy” signal using the momentum are eligible for the Index. The eligible securities are then assigned a volatility score based on the daily percentage price changes over the trailing year. The 50 securities with the lowest volatility scores are selected for the Index. The securities are weighted by the inverse of their trailing volatility. The Index is rebalanced and reconstituted quarterly.

$24.52  0.00 (0.00%)
As of 03/23/2023 00:00:00 EST     IEX book   CBOE book

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ETF Information

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Sponsor:     First Trust
Category1:  US Equity
Category2:  Broad market
Category3:  Large and mid cap
Morningstar category:  Large Blend
Leverage factor:  1.00
Inception date:  09/05/2018
Index tracking method: Passive replication
Current yield:  1.37%
Historical average yield:  1.02%
Market cap:  $60,074,784
Average volume:  23,762
Fees:     0.6000%

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Index Information

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Dorsey Wright Momentum Plus Low Volatility Index
Index symbol:  DWAMLV
Provider:   NASDAQ OMX
Index weighting:   Volatility
Index inception date:  07/02/2018
Backtesting data exists:   No
Number of holdings:  50
Rebalanced:  Quarterly
Reconstituted:  Quarterly
Factors used to select securities:
Momentum Volatility