NewEdge Advisors LLC Decreases Stake in First Trust Dorsey Wright Focus 5 ETF $FV

NewEdge Advisors LLC cut its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 40.9% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 549,888 shares of the company’s stock after selling 379,808 shares during the quarter. NewEdge Advisors LLC owned about 1.04% of First Trust Dorsey Wright Focus 5 ETF worth $33,234,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. AlphaCore Capital LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth approximately $8,977,000. Benjamin Edwards Inc. lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 663.4% during the 4th quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock valued at $8,941,000 after acquiring an additional 123,447 shares during the period. Gateway Wealth Partners LLC lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 99.2% during the 1st quarter. Gateway Wealth Partners LLC now owns 214,630 shares of the company’s stock valued at $12,972,000 after acquiring an additional 106,877 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 acquiring an additional 85,668 shares during the last quarter. Finally, Fifth Third Bancorp purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 1st quarter valued at $4,528,000.

First Trust Dorsey Wright Focus 5 ETF Price Performance

NASDAQ:FV opened at $72.54 on Friday. The firm has a market capitalization of $3.77 billion, a P/E ratio of 19.48 and a beta of 1.09. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $58.33 and a 1-year high of $76.08. The company’s fifty day moving average price is $72.03 and its 200-day moving average price is $67.71.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

About First Trust Dorsey Wright Focus 5 ETF

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.