First Trust Dorsey Wright Momentum & Low Volatility ETF
DVOL
37 hedge funds and large institutions have $55.5M invested in First Trust Dorsey Wright Momentum & Low Volatility ETF in 2025 Q2 according to their latest regulatory filings, with 9 funds opening new positions, 13 increasing their positions, 9 reducing their positions, and 1 closing their positions.
800% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 1
44% more repeat investments, than reductions
Existing positions increased: 13 | Existing positions reduced: 9
28% more funds holding
Funds holding: 29 → 37 (+8)
27% more capital invested
Capital invested by funds: $43.7M → $55.5M (+$11.8M)
1% less ownership
Funds ownership: 74.48% → 73.48% (-1%)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LPL Financial
San Diego,
California
|
+$2.93M |
| 2 |
Morgan Stanley
New York
|
+$2.89M |
| 3 |
BIG
Brookwood Investment Group
Phoenix,
Arizona
|
+$2.39M |
| 4 |
NP
Nilsine Partners
Greenwood Village,
Colorado
|
+$1.36M |
| 5 |
SA
Sanctuary Advisors
Indianapolis,
Indiana
|
+$1.14M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Carson Wealth (CWM LLC)
Omaha,
Nebraska
|
-$2.12M |
| 2 |
Osaic Holdings
Scottsdale,
Arizona
|
-$222K |
| 3 |
ASN
Advisory Services Network
Atlanta,
Georgia
|
-$217K |
| 4 |
PAG
Private Advisory Group
Redmond,
Washington
|
-$211K |
| 5 |
UBS Group
Zurich,
Switzerland
|
-$175K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GRP
26
Global Retirement Partners
San Rafael,
California
| $242K | +$240K | +6,899 | New |
|
|
PTC
27
Private Trust Company
Cleveland,
Ohio
| $231K | – | – | – |
|
|
MA
28
Mutual Advisors
Omaha,
Nebraska
| $228K | +$228K | +6,563 | New |
|
29
Cambridge Investment Research Advisors
Fairfield,
Iowa
| $222K | +$16.9K | +486 | +8% |
|
|
30
Osaic Holdings
Scottsdale,
Arizona
| $211K | -$222K | -6,405 | -52% |
|
31
Bank of America
Charlotte,
North Carolina
| $147K | -$28.3K | -814 | -16% |
|
|
32
UBS Group
Zurich,
Switzerland
| $140K | -$175K | -5,039 | -56% |
|
|
AAS
33
Ameritas Advisory Services
Lincoln,
Nebraska
| $17K | +$16.8K | +484 | New |
|
|
SWM
34
Spire Wealth Management
Mclean,
Virginia
| $9.65K | – | – | – |
|
35
Fidelity Investments
Boston,
Massachusetts
| $2.53K | – | – | – |
|
36
US Bancorp
Minneapolis,
Minnesota
| $2.39K | +$2.36K | +68 | New |
|
37
Wells Fargo
San Francisco,
California
| $20 | – | – | – |
|
|
ASN
38
Advisory Services Network
Atlanta,
Georgia
| – | -$217K | -6,105 | Closed |
|
DVOL Hedge Fund Activity: Q2 2025 in Review
37 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) for Q2 2025, worth a combined $55.5M — up 27% from $43.7M a quarter earlier.
Buyers outnumbered sellers: 9 funds opened new DVOL positions and 1 closed out — a net gain of 8 holders — while 13 added to existing stakes and 9 trimmed.
The largest buyer was LPL Financial, adding an estimated $2.93M. The largest seller was Carson Wealth (CWM LLC), cutting an estimated $2.12M.
- 37 institutional investors held First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) as of Q2 2025, up from 29 in Q1 2025.
- Funds reported $55.5M of First Trust Dorsey Wright Momentum & Low Volatility ETF stock for Q2 2025, up 27% quarter-over-quarter.
- 9 funds opened new First Trust Dorsey Wright Momentum & Low Volatility ETF positions in Q2 2025 and 1 closed out, a net change of +8 holders.
- The largest First Trust Dorsey Wright Momentum & Low Volatility ETF buyer in Q2 2025 was LPL Financial, an estimated $2.93M added.
- The largest First Trust Dorsey Wright Momentum & Low Volatility ETF seller in Q2 2025 was Carson Wealth (CWM LLC), an estimated $2.12M sold.
Based on aggregated 13F filings for Q2 2025.