Wealth Enhancement Advisory Services LLC Has $5.59 Million Stake in First Trust Dorsey Wright Focus 5 ETF $FV

Wealth Enhancement Advisory Services LLC reduced its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 21.0% in the 3rd quarter, Holdings Channel reports. The firm owned 89,914 shares of the company’s stock after selling 23,972 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $5,589,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CX Institutional acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at about $36,000. Evolution Wealth Management Inc. bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at approximately $44,000. ST Germain D J Co. Inc. bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at approximately $56,000. MAI Capital Management increased its position in First Trust Dorsey Wright Focus 5 ETF by 44.2% during the 2nd quarter. MAI Capital Management now owns 1,895 shares of the company’s stock valued at $112,000 after purchasing an additional 581 shares during the period. Finally, Private Trust Co. NA increased its position in First Trust Dorsey Wright Focus 5 ETF by 13.2% during the 2nd 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.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

First Trust Dorsey Wright Focus 5 ETF stock opened at $66.87 on Monday. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $47.04 and a 52-week high of $68.08. The firm has a 50 day moving average price of $63.50 and a two-hundred day moving average price of $62.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.1355 per share. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. This represents a $0.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Friday, December 12th.

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.