Smith Moore & CO. Decreases Holdings in First Trust Dorsey Wright Focus 5 ETF $FV

Smith Moore & CO. reduced its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 6.6% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,987 shares of the company’s stock after selling 2,051 shares during the quarter. Smith Moore & CO.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $1,718,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jones Financial Companies Lllp raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 616.0% during the 1st quarter. Jones Financial Companies Lllp now owns 253,922 shares of the company’s stock valued at $13,930,000 after buying an additional 218,458 shares during the period. Northwestern Mutual Wealth Management Co. increased its position in First Trust Dorsey Wright Focus 5 ETF by 1,587.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 129,940 shares of the company’s stock valued at $7,700,000 after acquiring an additional 122,238 shares during the last quarter. NewEdge Advisors LLC increased its position in First Trust Dorsey Wright Focus 5 ETF by 10.3% during the first quarter. NewEdge Advisors LLC now owns 1,122,643 shares of the company’s stock valued at $61,588,000 after acquiring an additional 105,185 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at $4,305,000. Finally, Kingstone Capital Partners Texas LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth about $4,032,000.

First Trust Dorsey Wright Focus 5 ETF Trading Down 0.7%

Shares of NASDAQ:FV opened at $61.87 on Tuesday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $47.04 and a 12 month high of $63.09. The firm’s 50-day moving average is $61.50 and its 200 day moving average is $60.38.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

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.