Prospera Financial Services Inc Has $44.55 Million Stock Position in First Trust Dorsey Wright Focus 5 ETF $FV

Prospera Financial Services Inc reduced its position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 10.1% in the 4th quarter, Holdings Channel reports. The institutional investor owned 707,992 shares of the company’s stock after selling 79,251 shares during the period. First Trust Dorsey Wright Focus 5 ETF accounts for 0.7% of Prospera Financial Services Inc’s investment portfolio, making the stock its 22nd biggest holding. Prospera Financial Services Inc’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $44,552,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. NewEdge Advisors LLC increased its stake in shares of 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. Cambridge Investment Research Advisors Inc. increased its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 1.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 565,496 shares of the company’s stock valued at $35,581,000 after buying an additional 8,510 shares during the period. Sard Wealth Management Group LLC increased its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 1.2% in the 4th quarter. Sard Wealth Management Group LLC now owns 470,168 shares of the company’s stock valued at $29,583,000 after buying an additional 5,804 shares during the period. Madrona Financial Services LLC increased its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 1.0% in the 4th quarter. Madrona Financial Services LLC now owns 401,734 shares of the company’s stock valued at $25,277,000 after buying an additional 4,130 shares during the period. Finally, Geneos Wealth Management Inc. increased its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 0.3% in the 4th quarter. Geneos Wealth Management Inc. now owns 250,269 shares of the company’s stock valued at $15,747,000 after buying an additional 749 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

NASDAQ FV opened at $71.43 on Friday. The stock has a fifty day moving average of $64.59 and a 200-day moving average of $64.15. The stock has a market capitalization of $3.76 billion, a P/E ratio of 19.48 and a beta of 1.08. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $56.17 and a 52 week high of $71.56.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0514 dividend. 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.