First Trust Dorsey Wright Momentum & Low Volatility ETF
DVOL
40 hedge funds and large institutions have $63.1M invested in First Trust Dorsey Wright Momentum & Low Volatility ETF in 2025 Q4 according to their latest regulatory filings, with 5 funds opening new positions, 14 increasing their positions, 14 reducing their positions, and 6 closing their positions.
0% more repeat investments, than reductions
Existing positions increased: 14 | Existing positions reduced: 14
2% less funds holding
Funds holding: 41 → 40 (-1)
5.54% less ownership
Funds ownership: 83.86% → 78.32% (-5.5%)
17% less first-time investments, than exits
New positions opened: 5 | Existing positions closed: 6
17% less capital invested
Capital invested by funds: $75.8M → $63.1M (-$12.7M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$2.38M |
| 2 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$1.15M |
| 3 |
FTUS
Flow Traders U.S.
New York
|
+$890K |
| 4 |
CAG
Csenge Advisory Group
Clearwater,
Florida
|
+$833K |
| 5 |
VAG
VisionPoint Advisory Group
Dallas,
Texas
|
+$245K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
VWS
Virtus Wealth Solutions
Cranford,
New Jersey
|
-$7.05M |
| 2 |
BIG
Brookwood Investment Group
Phoenix,
Arizona
|
-$4.97M |
| 3 |
Raymond James Financial
St Petersburg,
Florida
|
-$1.82M |
| 4 |
Two Sigma Investments
New York
|
-$1.73M |
| 5 |
LPL Financial
San Diego,
California
|
-$938K |
DVOL Hedge Fund Activity: Q4 2025 in Review
40 of the 8,223 institutional investors tracked by Wall St. Rank reported a position in First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) for Q4 2025, worth a combined $63.1M — down 17% from $75.8M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of DVOL and 5 opened new positions — a net loss of 1 holder — while 14 trimmed existing stakes and 14 added.
The largest buyer was Royal Bank of Canada, adding an estimated $2.38M. The largest seller was Virtus Wealth Solutions, exiting entirely with an estimated $7.05M sold.
- 40 institutional investors held First Trust Dorsey Wright Momentum & Low Volatility ETF (DVOL) as of Q4 2025, down from 41 in Q3 2025.
- Funds reported $63.1M of First Trust Dorsey Wright Momentum & Low Volatility ETF stock for Q4 2025, down 17% quarter-over-quarter.
- 5 funds opened new First Trust Dorsey Wright Momentum & Low Volatility ETF positions in Q4 2025 and 6 closed out, a net change of -1 holder.
- The largest First Trust Dorsey Wright Momentum & Low Volatility ETF buyer in Q4 2025 was Royal Bank of Canada, an estimated $2.38M added.
- The largest First Trust Dorsey Wright Momentum & Low Volatility ETF seller in Q4 2025 was Virtus Wealth Solutions, an estimated $7.05M sold.
Based on aggregated 13F filings for Q4 2025.