First Trust Dorsey Wright Focus 5 ETF (FV) to Distribute Quarterly Dividend of $0.08 on June 30th

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) announced a quarterly dividend on Wednesday, June 24th, NASDAQ Dividends reports. Investors of record on Thursday, June 25th will be paid a dividend of 0.0761 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Thursday, June 25th. This is a 48.1% increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of FV stock opened at $73.98 on Friday. The company has a market capitalization of $3.90 billion, a PE ratio of 19.48 and a beta of 1.09. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $58.06 and a 52-week high of $74.61. The business’s fifty day moving average is $69.99 and its 200 day moving average is $66.11.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Institutional investors and hedge funds have recently modified their holdings of the business. NewEdge Advisors LLC boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% during the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock valued at $58,237,000 after acquiring an additional 96,612 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of 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 worth $35,581,000 after purchasing an additional 8,510 shares during the last quarter. Sard Wealth Management Group LLC increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.2% in the fourth quarter. Sard Wealth Management Group LLC now owns 470,168 shares of the company’s stock worth $29,583,000 after purchasing an additional 5,804 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Dorsey Wright Focus 5 ETF by 0.9% in the first quarter. Cetera Investment Advisers now owns 403,640 shares of the company’s stock valued at $24,395,000 after purchasing an additional 3,749 shares in the last quarter. Finally, Madrona Financial Services LLC raised its stake in First Trust Dorsey Wright Focus 5 ETF by 1.0% in the fourth quarter. Madrona Financial Services LLC now owns 401,734 shares of the company’s stock valued at $25,277,000 after purchasing an additional 4,130 shares in the last quarter.

About First Trust Dorsey Wright Focus 5 ETF

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.