MGB Wealth Management LLC Sells 1,271 Shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

MGB Wealth Management LLC cut its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 12.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,825 shares of the company’s stock after selling 1,271 shares during the quarter. MGB Wealth Management LLC’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $514,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of FV. B. Riley Wealth Advisors Inc. raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 3.4% in the first quarter. B. Riley Wealth Advisors Inc. now owns 12,315 shares of the company’s stock valued at $705,000 after purchasing an additional 402 shares during the period. Cetera Investment Advisers raised 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 purchasing an additional 405,129 shares during the period. Cetera Advisors LLC raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 101.2% in the first quarter. Cetera Advisors LLC now owns 74,489 shares of the company’s stock valued at $4,263,000 after purchasing an additional 37,460 shares during the period. Bright Futures Wealth Management LLC. bought a new position in First Trust Dorsey Wright Focus 5 ETF during the first quarter worth about $894,000. Finally, GAMMA Investing LLC increased its position in First Trust Dorsey Wright Focus 5 ETF by 318.0% during the second quarter. GAMMA Investing LLC now owns 7,423 shares of the company’s stock worth $425,000 after acquiring an additional 5,647 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

NASDAQ:FV opened at $61.16 on Friday. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $46.45 and a 52 week high of $61.41. The firm has a market cap of $3.96 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07. The firm’s 50-day simple moving average is $58.74 and its 200 day simple moving average is $57.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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