Fifth Third Bancorp Makes New Investment in First Trust Dorsey Wright Focus 5 ETF $FV

Fifth Third Bancorp purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the 1st quarter, HoldingsChannel.com reports. The fund purchased 74,919 shares of the company’s stock, valued at approximately $4,528,000.

Several other institutional investors and hedge funds have also recently modified their holdings of FV. Benjamin Edwards Inc. grew its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 0.9% in the second quarter. Benjamin Edwards Inc. now owns 18,831 shares of the company’s stock valued at $1,116,000 after purchasing an additional 177 shares during the period. Stablepoint Partners LLC raised its stake in First Trust Dorsey Wright Focus 5 ETF by 0.4% during the fourth quarter. Stablepoint Partners LLC now owns 53,329 shares of the company’s stock worth $3,355,000 after purchasing an additional 206 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 3.3% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 7,655 shares of the company’s stock valued at $454,000 after purchasing an additional 244 shares during the last quarter. SkyOak Wealth LLC boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 0.3% in the 1st quarter. SkyOak Wealth LLC now owns 107,748 shares of the company’s stock valued at $6,512,000 after purchasing an additional 297 shares during the last quarter. Finally, Clark Capital Management Group Inc. boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.4% in the 4th quarter. Clark Capital Management Group Inc. now owns 21,648 shares of the company’s stock valued at $1,362,000 after purchasing an additional 305 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

First Trust Dorsey Wright Focus 5 ETF stock opened at $69.60 on Friday. The firm has a 50 day simple moving average of $72.13 and a 200-day simple moving average of $67.16. The stock has a market cap of $3.62 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $58.33 and a 1-year high of $76.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0761 dividend. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Thursday, June 25th.

First Trust Dorsey Wright Focus 5 ETF Company 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.