Allworth Financial LP Trims Stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Allworth Financial LP reduced its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 6.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 17,707 shares of the company’s stock after selling 1,239 shares during the quarter. Allworth Financial LP’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $1,032,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Sound Income Strategies LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at approximately $30,000. EverSource Wealth Advisors LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at approximately $39,000. Zions Bancorporation N.A. acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at approximately $86,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter worth approximately $86,000. Finally, Register Financial Advisors LLC boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 11.5% in the second quarter. Register Financial Advisors LLC now owns 1,936 shares of the company’s stock worth $111,000 after acquiring an additional 200 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ:FV opened at $58.75 on Tuesday. The business’s 50 day moving average price is $57.24 and its 200-day moving average price is $56.37. The firm has a market capitalization of $3.80 billion, a PE ratio of 16.50 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $41.06 and a 1 year high of $60.06.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.0199 dividend. The ex-dividend date was Thursday, September 26th. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.14%.

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.