D.A. Davidson & CO. Reduces Stake in First Trust Dorsey Wright Focus 5 ETF $FV

D.A. Davidson & CO. lowered its position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 398,503 shares of the company’s stock after selling 8,975 shares during the quarter. D.A. Davidson & CO.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $24,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Elevated Capital Advisors LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at about $30,000. EPG Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at about $32,000. Asset Dedication LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at about $43,000. TD Capital Management LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at about $50,000. Finally, Burkett Financial Services LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at about $51,000.

First Trust Dorsey Wright Focus 5 ETF Stock Down 1.0%

Shares of NASDAQ:FV opened at $71.20 on Thursday. The stock has a market capitalization of $3.70 billion, a PE ratio of 19.48 and a beta of 1.08. The firm’s 50 day moving average price is $72.06 and its 200-day moving average price is $67.10. First Trust Dorsey Wright Focus 5 ETF has a twelve month low of $58.33 and a twelve month high of $76.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.0761 per share. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend was Thursday, June 25th.

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.