Trueblood Wealth Management LLC Purchases New Position in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)

Trueblood Wealth Management LLC purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 15,233 shares of the company’s stock, valued at approximately $499,000.

Several other institutional investors have also added to or reduced their stakes in FVC. Morgan Stanley increased its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 13.6% during the fourth quarter. Morgan Stanley now owns 1,061,867 shares of the company’s stock worth $37,181,000 after acquiring an additional 127,459 shares during the period. Mariner LLC lifted its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 26.9% in the 4th quarter. Mariner LLC now owns 440,247 shares of the company’s stock worth $15,415,000 after acquiring an additional 93,407 shares during the last quarter. Baird Financial Group Inc. lifted its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 54.4% in the 2nd quarter. Baird Financial Group Inc. now owns 175,073 shares of the company’s stock worth $5,884,000 after acquiring an additional 61,659 shares during the last quarter. Bank of America Corp DE increased its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 19.5% during the first quarter. Bank of America Corp DE now owns 198,691 shares of the company’s stock worth $6,553,000 after buying an additional 32,455 shares during the period. Finally, Claraphi Advisory Network LLC purchased a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the 4th quarter worth $1,075,000.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Down 0.3 %

NASDAQ:FVC traded down $0.09 during mid-day trading on Thursday, reaching $34.51. 5,070 shares of the stock were exchanged, compared to its average volume of 19,234. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 1 year low of $29.70 and a 1 year high of $34.69. The company has a 50 day simple moving average of $33.73 and a 200-day simple moving average of $32.36. The stock has a market capitalization of $177.73 million, a P/E ratio of 13.59 and a beta of 0.80.

First Trust Dorsey Wright Dynamic Focus 5 ETF Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd will be issued a dividend of $0.139 per share. The ex-dividend date is Thursday, March 21st. This represents a $0.56 annualized dividend and a yield of 1.61%.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum.