IFS Group LLC Makes New $526,000 Investment in First Trust Dorsey Wright Focus 5 ETF $FV

IFS Group LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the 1st quarter, HoldingsChannel reports. The fund bought 8,705 shares of the company’s stock, valued at approximately $526,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% during the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after acquiring an additional 96,612 shares during the period. Cambridge Investment Research Advisors Inc. boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 565,496 shares of the company’s stock worth $35,581,000 after acquiring an additional 8,510 shares in the last quarter. Cetera Investment Advisers boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.9% during the 1st quarter. Cetera Investment Advisers now owns 403,640 shares of the company’s stock worth $24,395,000 after acquiring an additional 3,749 shares in the last quarter. Madrona Financial Services LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 1.0% in the fourth quarter. Madrona Financial Services LLC now owns 401,734 shares of the company’s stock valued at $25,277,000 after acquiring an additional 4,130 shares during the last quarter. Finally, Rockefeller Capital Management L.P. increased its stake in First Trust Dorsey Wright Focus 5 ETF by 9.2% in the fourth quarter. Rockefeller Capital Management L.P. now owns 400,464 shares of the company’s stock valued at $25,197,000 after acquiring an additional 33,646 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of FV opened at $68.70 on Thursday. First Trust Dorsey Wright Focus 5 ETF has a one year low of $58.33 and a one year high of $76.08. The company has a market cap of $3.57 billion, a P/E ratio of 19.48 and a beta of 1.08. The firm has a 50 day simple moving average of $72.12 and a two-hundred day simple moving average of $67.50.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0761 dividend. This represents a $0.30 annualized dividend and a dividend yield of 0.4%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05.

First Trust Dorsey Wright Focus 5 ETF Profile

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.