14,720 Shares in First Trust Dorsey Wright Focus 5 ETF $FV Purchased by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 14,720 shares of the company’s stock, valued at approximately $890,000.

Several other hedge funds have also recently bought and sold shares of the stock. Elevated Capital Advisors LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth approximately $30,000. EPG Wealth Management LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth approximately $32,000. Asset Dedication LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter worth approximately $43,000. TD Capital Management LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF during the 4th quarter worth approximately $50,000. Finally, Burkett Financial Services LLC acquired a new stake in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter worth approximately $51,000.

First Trust Dorsey Wright Focus 5 ETF Price Performance

FV opened at $73.23 on Friday. The business has a fifty day simple moving average of $70.18 and a 200 day simple moving average of $66.16. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $58.33 and a 1 year high of $74.61. The company has a market capitalization of $3.86 billion, a PE ratio of 19.48 and a beta of 1.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be given a $0.0761 dividend. The ex-dividend date of this dividend is Thursday, June 25th. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%.

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.