Raymond James Financial Services Advisors Inc. Sells 26,803 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.8% during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 935,921 shares of the company’s stock after selling 26,803 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 1.43% of First Trust Dorsey Wright Focus 5 ETF worth $53,597,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of FV. Brookstone Capital Management purchased a new stake in First Trust Dorsey Wright Focus 5 ETF in the 1st quarter valued at about $227,000. UBS Group AG grew its stake in First Trust Dorsey Wright Focus 5 ETF by 1.0% in the fourth quarter. UBS Group AG now owns 2,070,715 shares of the company’s stock worth $106,745,000 after purchasing an additional 21,091 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter worth $86,000. D.A. Davidson & CO. raised its position in First Trust Dorsey Wright Focus 5 ETF by 6.4% during the 4th quarter. D.A. Davidson & CO. now owns 451,852 shares of the company’s stock valued at $23,293,000 after purchasing an additional 27,326 shares in the last quarter. Finally, Atria Wealth Solutions Inc. raised its position in First Trust Dorsey Wright Focus 5 ETF by 14.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 55,854 shares of the company’s stock valued at $2,879,000 after purchasing an additional 6,960 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of NASDAQ:FV traded up $0.72 during trading hours on Monday, hitting $56.80. The company’s stock had a trading volume of 94,720 shares, compared to its average volume of 125,325. The firm’s fifty day moving average price is $56.41 and its 200 day moving average price is $55.73. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $41.05 and a 52 week high of $59.85. The company has a market capitalization of $3.73 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a dividend of $0.0167 per share. This represents a $0.07 annualized dividend and a dividend yield of 0.12%. The ex-dividend date of this dividend was Thursday, June 27th.

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.