Apollon Wealth Management LLC Sells 12,408 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Apollon Wealth Management LLC reduced its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 11.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 99,780 shares of the company’s stock after selling 12,408 shares during the quarter. Apollon Wealth Management LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $5,144,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Lincoln National Corp boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 5.3% during the fourth quarter. Lincoln National Corp now owns 19,606 shares of the company’s stock worth $1,011,000 after purchasing an additional 988 shares in the last quarter. M&T Bank Corp boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 15.4% during the fourth quarter. M&T Bank Corp now owns 6,498 shares of the company’s stock worth $335,000 after purchasing an additional 866 shares in the last quarter. Natixis Advisors L.P. boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 50.7% during the fourth quarter. Natixis Advisors L.P. now owns 20,563 shares of the company’s stock worth $1,060,000 after purchasing an additional 6,918 shares in the last quarter. Brighton Jones LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth $351,000. Finally, Silver Oak Securities Incorporated bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth $591,000.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ FV traded up $0.86 during midday trading on Monday, reaching $55.59. 310,977 shares of the stock were exchanged, compared to its average volume of 135,554. The business has a 50-day simple moving average of $55.50 and a two-hundred day simple moving average of $51.48. The company has a market capitalization of $3.69 billion, a price-to-earnings ratio of 15.63 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 12 month low of $41.05 and a 12 month high of $57.62.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.007 per share. The ex-dividend date of this dividend was Thursday, March 21st. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.05%.

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.