Royal Bank of Canada Reduces Stock Position in First Trust Dorsey Wright Focus 5 ETF $FV

Royal Bank of Canada reduced its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 9.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 757,619 shares of the company’s stock after selling 74,676 shares during the quarter. Royal Bank of Canada’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $45,789,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in FV. NewEdge Advisors LLC increased its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% in the third quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after buying an additional 96,612 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 565,496 shares of the company’s stock valued at $35,581,000 after acquiring an additional 8,510 shares in the last quarter. Cetera Investment Advisers boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 0.9% during the 1st quarter. Cetera Investment Advisers now owns 403,640 shares of the company’s stock valued at $24,395,000 after acquiring an additional 3,749 shares during the last quarter. Madrona Financial Services LLC boosted its stake in First Trust Dorsey Wright Focus 5 ETF by 1.0% during the 4th quarter. Madrona Financial Services LLC now owns 401,734 shares of the company’s stock valued at $25,277,000 after acquiring an additional 4,130 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in First Trust Dorsey Wright Focus 5 ETF by 9.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 400,464 shares of the company’s stock worth $25,197,000 after acquiring an additional 33,646 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

FV opened at $69.69 on Monday. The company has a 50-day moving average of $72.08 and a 200-day moving average of $67.55. The company has a market capitalization of $3.62 billion, a P/E ratio of 19.48 and a beta of 1.08. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $58.33 and a 1-year high of $76.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.0761 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 0.4%. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, June 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.