Commonwealth Equity Services LLC Reduces Stock Holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Commonwealth Equity Services LLC decreased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,813,237 shares of the company’s stock after selling 64,601 shares during the period. Commonwealth Equity Services LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $163,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. LPL Financial LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.0% during the 2nd quarter. LPL Financial LLC now owns 4,211,170 shares of the company’s stock valued at $241,157,000 after purchasing an additional 39,720 shares during the period. Raymond James & Associates increased its stake in First Trust Dorsey Wright Focus 5 ETF by 2.9% in the 3rd quarter. Raymond James & Associates now owns 1,672,261 shares of the company’s stock worth $97,443,000 after buying an additional 47,375 shares in the last quarter. Concurrent Investment Advisors LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.4% during the second quarter. Concurrent Investment Advisors LLC now owns 556,185 shares of the company’s stock valued at $31,851,000 after acquiring an additional 7,569 shares during the period. Cetera Investment Advisers lifted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 311.9% in the first quarter. Cetera Investment Advisers now owns 535,013 shares of the company’s stock valued at $30,619,000 after acquiring an additional 405,129 shares in the last quarter. Finally, Madrona Financial Services LLC boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 5.0% in the third quarter. Madrona Financial Services LLC now owns 511,831 shares of the company’s stock worth $29,824,000 after acquiring an additional 24,263 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ:FV traded up $0.17 during trading on Friday, hitting $59.27. 81,846 shares of the company’s stock were exchanged, compared to its average volume of 117,232. The business’s 50-day simple moving average is $56.85 and its 200 day simple moving average is $56.27. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $41.05 and a 52-week high of $60.06.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.0199 dividend. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.08 dividend on an annualized basis and a yield of 0.13%. The ex-dividend date was Thursday, September 26th.

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.