Gateway Wealth Partners LLC Has $12.97 Million Position in First Trust Dorsey Wright Focus 5 ETF $FV

Gateway Wealth Partners LLC boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 99.2% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 214,630 shares of the company’s stock after buying an additional 106,877 shares during the quarter. Gateway Wealth Partners LLC owned approximately 0.41% of First Trust Dorsey Wright Focus 5 ETF worth $12,972,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. AlphaCore Capital LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at about $8,977,000. Benjamin Edwards Inc. boosted its stake in shares of 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 purchasing an additional 123,447 shares during the last quarter. NewEdge Advisors LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% during the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after buying an additional 96,612 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 61.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 224,743 shares of the company’s stock worth $14,141,000 after buying an additional 85,668 shares during the last quarter. Finally, Fifth Third Bancorp bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the first quarter worth approximately $4,528,000.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of FV stock opened at $69.41 on Monday. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $58.33 and a 52-week high of $76.08. The stock has a market cap of $3.61 billion, a PE ratio of 19.48 and a beta of 1.08. The firm’s 50 day moving average price is $72.17 and its two-hundred day moving average price is $67.42.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

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.