NewEdge Advisors LLC Decreases Stock Position in First Trust Dorsey Wright Focus 5 ETF $FV

NewEdge Advisors LLC trimmed its holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 72.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 252,798 shares of the company’s stock after selling 676,898 shares during the period. NewEdge Advisors LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $15,279,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. AlphaCore Capital LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $8,977,000. Benjamin Edwards Inc. grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 663.4% in the fourth quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock valued at $8,941,000 after purchasing an additional 123,447 shares during the last quarter. Gateway Wealth Partners LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 99.2% in the first quarter. Gateway Wealth Partners LLC now owns 214,630 shares of the company’s stock valued at $12,972,000 after purchasing an additional 106,877 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 61.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 224,743 shares of the company’s stock valued at $14,141,000 after purchasing an additional 85,668 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the 1st quarter worth approximately $4,528,000.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of First Trust Dorsey Wright Focus 5 ETF stock opened at $68.70 on Thursday. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $58.33 and a 1 year high of $76.08. The company has a market capitalization of $3.57 billion, a P/E ratio of 19.48 and a beta of 1.08. The business has a 50 day moving average price of $72.12 and a 200 day moving average price of $67.50.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

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.