Ergawealth Advisors Inc. Takes $223,000 Position in First Trust Dorsey Wright Focus 5 ETF $FV

Ergawealth Advisors Inc. bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 3,759 shares of the company’s stock, valued at approximately $223,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. DAVENPORT & Co LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 0.9% during the first quarter. DAVENPORT & Co LLC now owns 22,061 shares of the company’s stock worth $1,210,000 after purchasing an additional 200 shares during the period. CW Advisors LLC grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 2.4% in the first quarter. CW Advisors LLC now owns 8,434 shares of the company’s stock valued at $463,000 after purchasing an additional 200 shares in the last quarter. Summit Financial LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 4.5% during the 1st quarter. Summit Financial LLC now owns 7,948 shares of the company’s stock worth $436,000 after buying an additional 343 shares during the period. Founders Financial Alliance LLC lifted its holdings in First Trust Dorsey Wright Focus 5 ETF by 6.5% during the 1st quarter. Founders Financial Alliance LLC now owns 6,402 shares of the company’s stock worth $351,000 after buying an additional 388 shares in the last quarter. Finally, TKG Advisors LLC lifted its holdings in First Trust Dorsey Wright Focus 5 ETF by 0.7% during the 1st quarter. TKG Advisors LLC now owns 64,306 shares of the company’s stock worth $3,528,000 after buying an additional 439 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.3%

NASDAQ:FV opened at $62.15 on Friday. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $47.04 and a 52 week high of $63.09. The company has a fifty day simple moving average of $61.30 and a two-hundred day simple moving average of $58.16. The company has a market cap of $3.72 billion, a price-to-earnings ratio of 19.48 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were issued a dividend of $0.101 per share. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, September 25th. This represents a $0.40 annualized dividend and a yield of 0.7%.

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.