NewEdge Advisors LLC Lowers Stock Position in First Trust Dorsey Wright Focus 5 ETF $FV

NewEdge Advisors LLC trimmed its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 72.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 252,798 shares of the company’s stock after selling 676,898 shares during the period. NewEdge Advisors LLC owned about 0.48% of First Trust Dorsey Wright Focus 5 ETF worth $15,279,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Elevated Capital Advisors LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth $30,000. EPG Wealth Management LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $32,000. TD Capital Management LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $50,000. Laurel Wealth Advisors LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $53,000. Finally, Bartlett & CO. Wealth Management LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the first quarter valued at about $64,000.

First Trust Dorsey Wright Focus 5 ETF Trading Down 1.3%

Shares of First Trust Dorsey Wright Focus 5 ETF stock opened at $68.70 on Thursday. The company has a 50-day moving average of $72.12 and a two-hundred day moving average of $67.50. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $58.33 and a 12-month high of $76.08. The stock has a market cap of $3.57 billion, a PE ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

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.