Spire Wealth Management Decreases Stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Spire Wealth Management reduced its position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,171 shares of the company’s stock after selling 830 shares during the period. Spire Wealth Management’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $719,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in FV. Crews Bank & Trust purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the third quarter valued at approximately $29,000. Sound Income Strategies LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the third quarter valued at approximately $30,000. Grove Bank & Trust purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter valued at approximately $30,000. Finally, Truvestments Capital LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the third quarter valued at approximately $45,000.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

FV opened at $62.07 on Wednesday. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. The stock’s 50 day moving average price is $60.88 and its 200-day moving average price is $58.56. First Trust Dorsey Wright Focus 5 ETF has a one year low of $49.73 and a one year high of $63.09.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.0386 per share. The ex-dividend date of this dividend was Friday, December 13th.

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.