First Trust Dorsey Wright Momentum & Low Volatility ETF

First Trust Dorsey Wright Momentum & Low Volatility ETF is an equity exchange-traded fund that seeks to track the Dorsey Wright Momentum Plus Low Volatility Index. The fund focuses on U.S. large- and mid-cap stocks that combine strong relative strength with lower price volatility, using a rules-based process to narrow the universe and weight holdings by inverse volatility. Its portfolio is designed to emphasize companies with steadier trading patterns while still reflecting momentum characteristics, making it a systematic blend of growth and risk-conscious selection. The ETF is managed by First Trust and is used by market participants looking for diversified exposure to a disciplined equity strategy across sectors such as healthcare, consumer staples, utilities, and other large-cap segments.