Marshall Investment Management LLC Decreases Position in First Trust Dorsey Wright Focus 5 ETF $FV

Marshall Investment Management LLC lessened its holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 14.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 44,964 shares of the company’s stock after selling 7,821 shares during the quarter. First Trust Dorsey Wright Focus 5 ETF accounts for 1.4% of Marshall Investment Management LLC’s investment portfolio, making the stock its 22nd largest holding. Marshall Investment Management LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $2,829,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in FV. AlphaCore Capital LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth $8,977,000. Benjamin Edwards Inc. raised its position in First Trust Dorsey Wright Focus 5 ETF by 663.4% in the 4th quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock worth $8,941,000 after purchasing an additional 123,447 shares during the period. NewEdge Advisors LLC raised its position in First Trust Dorsey Wright Focus 5 ETF by 11.4% in the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after purchasing an additional 96,612 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in First Trust Dorsey Wright Focus 5 ETF by 61.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 224,743 shares of the company’s stock worth $14,141,000 after purchasing an additional 85,668 shares during the period. Finally, Gateway Wealth Partners LLC raised its position in First Trust Dorsey Wright Focus 5 ETF by 359.6% in the 3rd quarter. Gateway Wealth Partners LLC now owns 108,446 shares of the company’s stock worth $6,715,000 after purchasing an additional 84,850 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ:FV opened at $71.43 on Tuesday. The stock has a market cap of $3.76 billion, a PE ratio of 19.48 and a beta of 1.08. The company’s fifty day moving average is $64.81 and its 200 day moving average is $64.24. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $56.17 and a 52 week high of $71.56.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a $0.0514 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.3%.

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.