NewEdge Advisors LLC Buys 261,757 Shares of First Trust Dorsey Wright International Focus 5 ETF $IFV

NewEdge Advisors LLC lifted its stake in shares of First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) by 50.3% during the first quarter, HoldingsChannel reports. The firm owned 782,569 shares of the company’s stock after acquiring an additional 261,757 shares during the quarter. NewEdge Advisors LLC owned approximately 0.09% of First Trust Dorsey Wright International Focus 5 ETF worth $19,776,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Smith Moore & CO. grew its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 213.2% in the fourth quarter. Smith Moore & CO. now owns 28,426 shares of the company’s stock valued at $706,000 after buying an additional 19,351 shares in the last quarter. UBS Group AG lifted its stake in First Trust Dorsey Wright International Focus 5 ETF by 27.7% in the fourth quarter. UBS Group AG now owns 166,595 shares of the company’s stock valued at $4,137,000 after acquiring an additional 36,171 shares during the last quarter. PFG Investments LLC grew its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 163.7% in the 1st quarter. PFG Investments LLC now owns 79,971 shares of the company’s stock valued at $2,021,000 after acquiring an additional 49,649 shares during the period. Rockefeller Capital Management L.P. grew its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 2.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 43,584 shares of the company’s stock valued at $1,082,000 after acquiring an additional 936 shares during the period. Finally, Bank of America Corp DE grew its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 9.4% in the 1st quarter. Bank of America Corp DE now owns 314,659 shares of the company’s stock valued at $7,951,000 after acquiring an additional 26,919 shares during the period.

First Trust Dorsey Wright International Focus 5 ETF Stock Performance

Shares of IFV stock opened at $26.11 on Friday. The firm’s 50-day moving average is $26.47 and its 200-day moving average is $26.68. The stock has a market cap of $234.99 million, a price-to-earnings ratio of 13.24 and a beta of 0.76. First Trust Dorsey Wright International Focus 5 ETF has a 52-week low of $23.19 and a 52-week high of $28.70.

First Trust Dorsey Wright International Focus 5 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.2505 per share. This represents a $1.00 dividend on an annualized basis and a yield of 3.8%. This is a boost from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.01. The ex-dividend date of this dividend was Thursday, June 25th.

First Trust Dorsey Wright International Focus 5 ETF Profile

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.