SNS Financial Group LLC Lowers Stock Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

SNS Financial Group LLC trimmed its position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 3.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,040 shares of the company’s stock after selling 586 shares during the period. SNS Financial Group LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $976,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Creekmur Asset Management LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth approximately $36,000. Tortoise Investment Management LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth about $40,000. Benjamin Edwards Inc. boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 47.8% during the first quarter. Benjamin Edwards Inc. now owns 711 shares of the company’s stock valued at $41,000 after buying an additional 230 shares during the period. Partnership Wealth Management LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth approximately $49,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter worth approximately $86,000.

First Trust Dorsey Wright Focus 5 ETF Stock Up 2.1 %

FV stock traded up $1.18 during trading on Friday, hitting $57.39. The company had a trading volume of 74,202 shares, compared to its average volume of 124,677. The firm has a market capitalization of $3.77 billion, a P/E ratio of 16.50 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $41.05 and a 52-week high of $59.85. The company has a 50 day simple moving average of $56.41 and a 200-day simple moving average of $55.84.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.0167 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This represents a $0.07 dividend on an annualized basis and a dividend yield of 0.12%.

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.