Independent Advisor Alliance Invests $20.24 Million in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Independent Advisor Alliance bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 342,760 shares of the company’s stock, valued at approximately $20,243,000. Independent Advisor Alliance owned about 0.53% of First Trust Dorsey Wright Focus 5 ETF as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FV. Farther Finance Advisors LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at about $175,000. Fisher Asset Management LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at approximately $264,000. Avior Wealth Management LLC raised its stake in First Trust Dorsey Wright Focus 5 ETF by 40.1% in the third quarter. Avior Wealth Management LLC now owns 2,311 shares of the company’s stock valued at $135,000 after buying an additional 661 shares during the period. Benjamin Edwards Inc. increased its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 5,608.3% during the third quarter. Benjamin Edwards Inc. now owns 20,607 shares of the company’s stock worth $1,201,000 after purchasing an additional 20,246 shares during the period. Finally, Garden State Investment Advisory Services LLC grew its position in First Trust Dorsey Wright Focus 5 ETF by 2.1% during the third quarter. Garden State Investment Advisory Services LLC now owns 35,845 shares of the company’s stock worth $2,089,000 after buying an additional 724 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Up 0.4 %

NASDAQ FV opened at $56.87 on Monday. The company has a market cap of $3.67 billion, a price-to-earnings ratio of 18.21 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a twelve month low of $49.73 and a twelve month high of $63.09. The business’s fifty day moving average is $60.55 and its 200 day moving average is $59.45.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.0386 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.