Savvy Advisors Inc. Takes $397,000 Position in First Trust Dorsey Wright Focus 5 ETF $FV

Savvy Advisors Inc. acquired a new position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,697 shares of the company’s stock, valued at approximately $397,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of FV. Jones Financial Companies Lllp grew its stake in First Trust Dorsey Wright Focus 5 ETF by 616.0% in the first quarter. Jones Financial Companies Lllp now owns 253,922 shares of the company’s stock worth $13,930,000 after purchasing an additional 218,458 shares in the last quarter. Brio Consultants LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the first quarter worth approximately $8,962,000. Frederick Financial Consultants LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the first quarter worth approximately $8,802,000. Geneos Wealth Management Inc. grew its stake in First Trust Dorsey Wright Focus 5 ETF by 154.5% in the first quarter. Geneos Wealth Management Inc. now owns 237,013 shares of the company’s stock worth $13,003,000 after purchasing an additional 143,875 shares in the last quarter. Finally, NewEdge Advisors LLC grew its stake in First Trust Dorsey Wright Focus 5 ETF by 10.3% in the first quarter. NewEdge Advisors LLC now owns 1,122,643 shares of the company’s stock worth $61,588,000 after purchasing an additional 105,185 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.7%

Shares of NASDAQ:FV opened at $61.76 on Friday. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $47.04 and a 52-week high of $63.09. The stock has a market cap of $3.65 billion, a P/E ratio of 19.48 and a beta of 1.08. The business’s 50 day moving average is $61.80 and its 200 day moving average is $59.39.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Thursday, September 25th were paid a $0.101 dividend. This represents a $0.40 annualized dividend and a yield of 0.7%. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend was Thursday, September 25th.

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.