Financial Advocates Investment Management Cuts Stock Holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Financial Advocates Investment Management reduced its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FVFree Report) by 14.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,673 shares of the company’s stock after selling 3,686 shares during the quarter. Financial Advocates Investment Management’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $1,263,000 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 FV. Mutual Advisors LLC lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 3.4% during the third quarter. Mutual Advisors LLC now owns 39,317 shares of the company’s stock valued at $2,288,000 after buying an additional 1,298 shares during the period. Valmark Advisers Inc. lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 5.8% during the third quarter. Valmark Advisers Inc. now owns 82,906 shares of the company’s stock valued at $4,831,000 after buying an additional 4,530 shares during the period. Lunt Capital Management Inc. lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 7.9% during the third quarter. Lunt Capital Management Inc. now owns 33,085 shares of the company’s stock valued at $1,928,000 after buying an additional 2,429 shares during the period. Montz Harcus Wealth Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the third quarter valued at approximately $597,000. Finally, OMNI 360 Wealth Inc. lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 33.6% during the third quarter. OMNI 360 Wealth Inc. now owns 5,570 shares of the company’s stock valued at $325,000 after buying an additional 1,400 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.7 %

NASDAQ:FV opened at $57.88 on Friday. The company has a market cap of $3.74 billion, a P/E ratio of 16.50 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a fifty-two week low of $42.64 and a fifty-two week high of $60.06. The firm’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 Increases Dividend

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

About First Trust Dorsey Wright Focus 5 ETF

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

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