First Trust Dorsey Wright Momentum & Low Volatility ETF
DVOL
41 hedge funds and large institutions have $75.8M invested in First Trust Dorsey Wright Momentum & Low Volatility ETF in 2025 Q3 according to their latest regulatory filings, with 7 funds opening new positions, 14 increasing their positions, 13 reducing their positions, and 3 closing their positions.
133% more first-time investments, than exits
New positions opened: 7 | Existing positions closed: 3
37% more capital invested
Capital invested by funds: $55.5M → $75.8M (+$20.4M)
11% more funds holding
Funds holding: 37 → 41 (+4)
10.39% more ownership
Funds ownership: 73.48% → 83.86% (+10%)
8% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 13
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
+$18.9M |
| 2 |
BIG
Brookwood Investment Group
Phoenix,
Arizona
|
+$2.49M |
| 3 |
Two Sigma Investments
New York
|
+$937K |
| 4 |
Raymond James Financial
St Petersburg,
Florida
|
+$784K |
| 5 |
VAG
VisionPoint Advisory Group
Dallas,
Texas
|
+$532K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
-$4.05M |
| 2 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$872K |
| 3 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
-$767K |
| 4 |
LPL Financial
San Diego,
California
|
-$202K |
| 5 |
VWS
Virtus Wealth Solutions
Cranford,
New Jersey
|
-$187K |
DVOL Hedge Fund Activity: Q3 2025 in Review
41 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) for Q3 2025, worth a combined $75.8M — up 37% from $55.5M a quarter earlier.
Buyers outnumbered sellers: 7 funds opened new DVOL positions and 3 closed out — a net gain of 4 holders — while 14 added to existing stakes and 13 trimmed.
The largest buyer was Csenge Advisory Group, opening a new position worth an estimated $18.9M. The largest seller was Morgan Stanley, cutting an estimated $4.05M.
- 41 institutional investors held First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) as of Q3 2025, up from 37 in Q2 2025.
- Funds reported $75.8M of First Trust Dorsey Wright Momentum & Low Volatility ETF stock for Q3 2025, up 37% quarter-over-quarter.
- 7 funds opened new First Trust Dorsey Wright Momentum & Low Volatility ETF positions in Q3 2025 and 3 closed out, a net change of +4 holders.
- The largest First Trust Dorsey Wright Momentum & Low Volatility ETF buyer in Q3 2025 was Csenge Advisory Group, an estimated $18.9M added.
- The largest First Trust Dorsey Wright Momentum & Low Volatility ETF seller in Q3 2025 was Morgan Stanley, an estimated $4.05M sold.
Based on aggregated 13F filings for Q3 2025.