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 |
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.