Secure Asset Management LLC Sells 14,245 Shares of First Trust Dorsey Wright Focus 5 ETF $FV

Secure Asset Management LLC lowered its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 22.9% in the third quarter, Holdings Channel reports. The fund owned 47,907 shares of the company’s stock after selling 14,245 shares during the quarter. Secure Asset Management LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $2,962,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Brookstone Capital Management acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the second quarter valued at approximately $222,000. US Bancorp DE lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 10.3% in the 2nd quarter. US Bancorp DE now owns 25,175 shares of the company’s stock valued at $1,495,000 after acquiring an additional 2,349 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 171.5% in the 2nd quarter. Geneos Wealth Management Inc. now owns 247,068 shares of the company’s stock valued at $14,641,000 after acquiring an additional 156,052 shares during the last quarter. Creative Capital Management Investments LLC boosted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 97.4% during the 2nd quarter. Creative Capital Management Investments LLC now owns 2,846 shares of the company’s stock valued at $169,000 after acquiring an additional 1,404 shares in the last quarter. Finally, NewEdge Advisors LLC grew its position in First Trust Dorsey Wright Focus 5 ETF by 10.3% during the 1st quarter. NewEdge Advisors LLC now owns 1,122,643 shares of the company’s stock worth $61,588,000 after acquiring an additional 105,185 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Up 1.3%

Shares of FV opened at $62.90 on Friday. The stock has a market cap of $3.71 billion, a PE ratio of 19.48 and a beta of 1.08. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $47.04 and a 12-month high of $63.76. The business has a 50-day simple moving average of $61.69 and a two-hundred day simple moving average of $60.84.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be paid a $0.1355 dividend. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. This represents a $0.54 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend is Friday, December 12th.

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.