Madrona Financial Services LLC Grows Position in First Trust Dorsey Wright Focus 5 ETF $FV

Madrona Financial Services LLC grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 397,604 shares of the company’s stock after acquiring an additional 8,004 shares during the quarter. First Trust Dorsey Wright Focus 5 ETF comprises approximately 5.4% of Madrona Financial Services LLC’s portfolio, making the stock its 6th biggest position. Madrona Financial Services LLC owned approximately 0.67% of First Trust Dorsey Wright Focus 5 ETF worth $24,620,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of FV. Daymark Wealth Partners LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 54.5% in the third quarter. Daymark Wealth Partners LLC now owns 83,825 shares of the company’s stock worth $5,190,000 after buying an additional 29,555 shares during the last quarter. US Bancorp DE increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 10.3% during the second quarter. US Bancorp DE now owns 25,175 shares of the company’s stock valued at $1,495,000 after acquiring an additional 2,349 shares in the last quarter. Brookstone Capital Management bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the second quarter valued at approximately $222,000. Geneos Wealth Management Inc. raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 171.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 247,068 shares of the company’s stock worth $14,641,000 after acquiring an additional 156,052 shares during the last quarter. Finally, Creative Capital Management Investments LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 97.4% in the 2nd quarter. Creative Capital Management Investments LLC now owns 2,846 shares of the company’s stock worth $169,000 after acquiring an additional 1,404 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Trading Up 1.5%

Shares of FV opened at $65.00 on Tuesday. The business’s fifty day simple moving average is $62.07 and its two-hundred day simple moving average is $61.35. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $47.04 and a 12 month high of $65.07. The company has a market cap of $3.73 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.1355 per share. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.8%.

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.