Financial Advocates Investment Management Has $1.26 Million Holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Financial Advocates Investment Management decreased its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 14.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,673 shares of the company’s stock after selling 3,686 shares during the period. Financial Advocates Investment Management’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $1,263,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Sound Income Strategies LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at about $30,000. EverSource Wealth Advisors LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF during the second quarter valued at about $39,000. Zions Bancorporation N.A. purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at about $86,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at about $86,000. Finally, Register Financial Advisors LLC lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 11.5% in the second quarter. Register Financial Advisors LLC now owns 1,936 shares of the company’s stock worth $111,000 after buying an additional 200 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ FV opened at $57.88 on Friday. The stock has a market capitalization of $3.74 billion, a P/E ratio of 16.50 and a beta of 1.07. The business’s 50 day moving average is $57.35 and its two-hundred day moving average is $56.42. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $42.64 and a 1-year high of $60.06.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were paid a $0.0199 dividend. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. The ex-dividend date was Thursday, September 26th. This represents a $0.08 dividend on an annualized basis and a yield of 0.14%.

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.