Mutual Advisors LLC Raises Stock Position in First Trust Dorsey Wright Focus 5 ETF $FV

Mutual Advisors LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 13.5% during the second quarter, Holdings Channel reports. The firm owned 48,061 shares of the company’s stock after buying an additional 5,701 shares during the quarter. Mutual Advisors LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $2,949,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Envestnet Portfolio Solutions Inc. increased its position in First Trust Dorsey Wright Focus 5 ETF by 13.1% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 30,944 shares of the company’s stock valued at $1,698,000 after purchasing an additional 3,593 shares during the period. Envestnet Asset Management Inc. increased its position in First Trust Dorsey Wright Focus 5 ETF by 2.0% during the 1st quarter. Envestnet Asset Management Inc. now owns 360,549 shares of the company’s stock valued at $19,780,000 after purchasing an additional 7,173 shares during the period. Citigroup Inc. increased its position in First Trust Dorsey Wright Focus 5 ETF by 3.1% during the 1st quarter. Citigroup Inc. now owns 119,276 shares of the company’s stock valued at $6,544,000 after purchasing an additional 3,571 shares during the period. Koshinski Asset Management Inc. increased its position in First Trust Dorsey Wright Focus 5 ETF by 4.8% during the 1st quarter. Koshinski Asset Management Inc. now owns 10,534 shares of the company’s stock valued at $578,000 after purchasing an additional 484 shares during the period. Finally, Virtus Wealth Solutions LLC increased its position in First Trust Dorsey Wright Focus 5 ETF by 27.5% during the 1st quarter. Virtus Wealth Solutions LLC now owns 5,544 shares of the company’s stock valued at $304,000 after purchasing an additional 1,195 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.0%

Shares of First Trust Dorsey Wright Focus 5 ETF stock opened at $62.06 on Thursday. The company’s fifty day simple moving average is $61.53 and its two-hundred day simple moving average is $58.46. The company has a market cap of $3.72 billion, a P/E ratio of 19.48 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $47.04 and a 12-month high of $63.09.

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 issued a dividend of $0.101 per share. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. The ex-dividend date was Thursday, September 25th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 0.7%.

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.