Capital Asset Advisory Services LLC Sells 550 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Capital Asset Advisory Services LLC reduced its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 6.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,425 shares of the company’s stock after selling 550 shares during the period. Capital Asset Advisory Services LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $417,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Creekmur Asset Management LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at $36,000. Tortoise Investment Management LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth about $40,000. Moisand Fitzgerald Tamayo LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth about $41,000. Partnership Wealth Management LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter worth about $49,000. Finally, Twin Lakes Capital Management LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at about $57,000.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

FV traded up $0.12 during midday trading on Friday, reaching $57.27. 55,259 shares of the company were exchanged, compared to its average volume of 126,626. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a one year low of $41.05 and a one year high of $57.97. The company’s fifty day moving average price is $55.88 and its 200 day moving average price is $54.48.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 27th will be issued a dividend of $0.0167 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $0.07 annualized dividend and a yield of 0.12%.

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.