Montz Harcus Wealth Management LLC Makes New Investment in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Montz Harcus Wealth Management LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,253 shares of the company’s stock, valued at approximately $597,000.

Several other institutional investors and hedge funds also recently modified their holdings of FV. First Citizens Bank & Trust Co. grew its position in First Trust Dorsey Wright Focus 5 ETF by 1.8% in the third quarter. First Citizens Bank & Trust Co. now owns 10,178 shares of the company’s stock valued at $593,000 after purchasing an additional 178 shares in the last quarter. Simplicity Wealth LLC increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.6% in the third quarter. Simplicity Wealth LLC now owns 7,649 shares of the company’s stock valued at $446,000 after acquiring an additional 191 shares during the last quarter. Register Financial Advisors LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 11.5% during the second quarter. Register Financial Advisors LLC now owns 1,936 shares of the company’s stock worth $111,000 after acquiring an additional 200 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in First Trust Dorsey Wright Focus 5 ETF by 3.9% during the first quarter. J.W. Cole Advisors Inc. now owns 6,261 shares of the company’s stock valued at $358,000 after purchasing an additional 234 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in First Trust Dorsey Wright Focus 5 ETF by 0.9% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 35,139 shares of the company’s stock valued at $2,012,000 after purchasing an additional 300 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.4 %

Shares of NASDAQ:FV traded up $0.23 during trading on Friday, hitting $58.42. 102,334 shares of the company were exchanged, compared to its average volume of 116,333. First Trust Dorsey Wright Focus 5 ETF has a fifty-two week low of $41.05 and a fifty-two week high of $60.06. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. The firm has a fifty day moving average price of $57.21 and a two-hundred day moving average price of $56.35.

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 issued a dividend of $0.0199 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.14%. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, September 26th.

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.