Synovus Financial Corp Cuts Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Synovus Financial Corp lowered its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,353 shares of the company’s stock after selling 367 shares during the period. Synovus Financial Corp’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $1,084,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. LPL Financial LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 6.6% during the 4th quarter. LPL Financial LLC now owns 4,465,129 shares of the company’s stock worth $263,711,000 after purchasing an additional 277,315 shares during the last quarter. Commonwealth Equity Services LLC increased its position in First Trust Dorsey Wright Focus 5 ETF by 1.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,849,421 shares of the company’s stock worth $168,287,000 after purchasing an additional 36,184 shares in the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at about $157,260,000. Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 1.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 513,339 shares of the company’s stock valued at $30,318,000 after purchasing an additional 7,470 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 0.3% in the fourth quarter. D.A. Davidson & CO. now owns 440,396 shares of the company’s stock valued at $26,010,000 after buying an additional 1,236 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Stock Down 0.1 %

Shares of FV stock opened at $52.26 on Wednesday. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $47.04 and a 12-month high of $63.09. The firm has a fifty day moving average of $56.62 and a 200-day moving average of $58.94. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 16.71 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a dividend of $0.0618 per share. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.47%.

About First Trust Dorsey Wright Focus 5 ETF

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.