Sargent Investment Group LLC Buys New Stake in First Trust Dorsey Wright Focus 5 ETF $FV

Sargent Investment Group LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 8,470 shares of the company’s stock, valued at approximately $533,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in FV. AlphaCore Capital LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at approximately $8,977,000. Benjamin Edwards Inc. boosted its position in First Trust Dorsey Wright Focus 5 ETF by 663.4% in the 4th quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock valued at $8,941,000 after buying an additional 123,447 shares during the period. NewEdge Advisors LLC boosted its position in First Trust Dorsey Wright Focus 5 ETF by 11.4% in the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock valued at $58,237,000 after buying an additional 96,612 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in First Trust Dorsey Wright Focus 5 ETF by 61.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 224,743 shares of the company’s stock valued at $14,141,000 after buying an additional 85,668 shares during the period. Finally, Merit Financial Group LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at approximately $3,171,000.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.2%

Shares of FV stock opened at $73.71 on Tuesday. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $57.00 and a 52 week high of $74.61. The stock has a market capitalization of $3.88 billion, a PE ratio of 19.48 and a beta of 1.09. The firm has a 50 day moving average of $68.34 and a two-hundred day moving average of $65.51.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.0514 per share. This represents a $0.21 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Dorsey Wright Focus 5 ETF Company 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.