Regal Investment Advisors LLC Buys 8,264 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Regal Investment Advisors LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 5.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 158,948 shares of the company’s stock after buying an additional 8,264 shares during the quarter. First Trust Dorsey Wright Focus 5 ETF comprises about 0.7% of Regal Investment Advisors LLC’s portfolio, making the stock its 29th biggest position. Regal Investment Advisors LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $9,387,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. LPL Financial LLC grew its stake in First Trust Dorsey Wright Focus 5 ETF by 6.6% during the fourth quarter. LPL Financial LLC now owns 4,465,129 shares of the company’s stock valued at $263,711,000 after acquiring an additional 277,315 shares in the last quarter. Garden State Investment Advisory Services LLC boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 2.1% in 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 purchasing an additional 724 shares during the period. Wealthcare Advisory Partners LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 12.9% during the 4th quarter. Wealthcare Advisory Partners LLC now owns 7,087 shares of the company’s stock valued at $419,000 after purchasing an additional 812 shares in the last quarter. Avantax Advisory Services Inc. increased its holdings in shares of 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 during the period. Finally, FMR LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 3.3% in the third quarter. FMR LLC now owns 13,734 shares of the company’s stock worth $800,000 after buying an additional 438 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

NASDAQ:FV opened at $52.33 on Tuesday. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 16.71 and a beta of 1.07. The stock has a fifty day moving average of $56.82 and a 200 day moving average of $58.98. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $47.04 and a 52-week high of $63.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

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.