NewEdge Advisors LLC Buys 24,439 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

NewEdge Advisors LLC raised its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,017,458 shares of the company’s stock after purchasing an additional 24,439 shares during the period. NewEdge Advisors LLC owned approximately 1.58% of First Trust Dorsey Wright Focus 5 ETF worth $60,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. LPL Financial LLC lifted its position in First Trust Dorsey Wright Focus 5 ETF by 6.6% in the fourth quarter. LPL Financial LLC now owns 4,465,129 shares of the company’s stock worth $263,711,000 after purchasing an additional 277,315 shares during the period. Garden State Investment Advisory Services LLC boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.1% during the 3rd quarter. Garden State Investment Advisory Services LLC now owns 35,845 shares of the company’s stock valued at $2,089,000 after acquiring an additional 724 shares in the last quarter. Wealthcare Advisory Partners LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 12.9% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 7,087 shares of the company’s stock valued at $419,000 after acquiring an additional 812 shares during the period. Avantax Advisory Services Inc. raised its position in First Trust Dorsey Wright Focus 5 ETF by 136.2% in the fourth quarter. Avantax Advisory Services Inc. now owns 20,683 shares of the company’s stock worth $1,222,000 after purchasing an additional 11,925 shares in the last quarter. Finally, FMR LLC lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 3.3% during the third quarter. FMR LLC now owns 13,734 shares of the company’s stock worth $800,000 after purchasing an additional 438 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Trading Down 0.1 %

Shares of FV opened at $52.26 on Wednesday. The stock has a market cap of $3.31 billion, a PE ratio of 16.71 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $47.04 and a 1 year high of $63.09. The stock has a 50 day simple moving average of $56.62 and a 200-day simple moving average of $58.94.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were issued a dividend of $0.0618 per share. The ex-dividend date was Thursday, March 27th. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.25 dividend on an annualized basis and a dividend yield of 0.47%.

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.