Kaydan Wealth Management Inc. Reduces Stock Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Kaydan Wealth Management Inc. cut its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 6.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,522 shares of the company’s stock after selling 540 shares during the quarter. Kaydan Wealth Management Inc.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $444,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. Grove Bank & Trust bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth $30,000. Wealthcare Advisory Partners LLC boosted its position in First Trust Dorsey Wright Focus 5 ETF by 12.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,087 shares of the company’s stock worth $419,000 after purchasing an additional 812 shares during the last quarter. Armstrong Advisory Group Inc. bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at about $176,000. Dale Q Rice Investment Management Ltd purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at about $571,000. Finally, ORG Partners LLC lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 206.6% in the 4th quarter. ORG Partners LLC now owns 186,049 shares of the company’s stock worth $10,988,000 after purchasing an additional 125,371 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Trading Up 1.2 %

FV opened at $61.08 on Monday. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $49.73 and a 12-month high of $62.82. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. The company’s 50 day moving average is $60.52 and its 200 day moving average is $58.23.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given 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.