D.A. Davidson & CO. Sells 7,993 Shares of First Trust Dorsey Wright Focus 5 ETF $FV

D.A. Davidson & CO. lessened its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 426,485 shares of the company’s stock after selling 7,993 shares during the quarter. D.A. Davidson & CO. owned approximately 0.70% of First Trust Dorsey Wright Focus 5 ETF worth $25,274,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. DAVENPORT & Co LLC raised its position 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 valued at $1,210,000 after acquiring an additional 200 shares in the last quarter. CW Advisors LLC raised its position 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 during the period. Private Trust Co. NA raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 13.2% in the second quarter. Private Trust Co. NA now owns 1,926 shares of the company’s stock valued at $114,000 after purchasing an additional 225 shares during the period. Lunt Capital Management Inc. raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.6% in the second quarter. Lunt Capital Management Inc. now owns 40,490 shares of the company’s stock valued at $2,399,000 after purchasing an additional 242 shares during the period. Finally, Summit Financial LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 4.5% in the first quarter. Summit Financial LLC now owns 7,948 shares of the company’s stock valued at $436,000 after purchasing an additional 343 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.4%

NASDAQ:FV opened at $62.47 on Wednesday. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $47.04 and a 12 month high of $63.09. The firm has a market cap of $3.70 billion, a price-to-earnings ratio of 19.48 and a beta of 1.07. The company’s 50 day moving average is $61.64 and its 200-day moving average is $58.72.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were given a $0.101 dividend. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Thursday, September 25th.

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.