Raymond James & Associates Sells 12,797 Shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)

Raymond James & Associates trimmed its position in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) by 13.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,297 shares of the company’s stock after selling 12,797 shares during the period. Raymond James & Associates’ holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF were worth $2,599,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. increased its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 2.2% in the third quarter. Oppenheimer & Co. Inc. now owns 24,602 shares of the company’s stock valued at $771,000 after acquiring an additional 533 shares during the last quarter. PNC Financial Services Group Inc. increased its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 199.0% in the third quarter. PNC Financial Services Group Inc. now owns 1,477 shares of the company’s stock valued at $46,000 after acquiring an additional 983 shares during the last quarter. Eqis Capital Management Inc. increased its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 17.2% during the first quarter. Eqis Capital Management Inc. now owns 16,998 shares of the company’s stock worth $623,000 after buying an additional 2,493 shares during the last quarter. Jane Street Group LLC acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the fourth quarter worth approximately $445,000. Finally, Steward Partners Investment Advisory LLC increased its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 15.9% during the first quarter. Steward Partners Investment Advisory LLC now owns 12,755 shares of the company’s stock worth $421,000 after buying an additional 1,750 shares during the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Down 1.2 %

Shares of NASDAQ FVC opened at $33.32 on Tuesday. The business’s 50 day moving average price is $34.01 and its two-hundred day moving average price is $32.59. The company has a market cap of $159.94 million, a PE ratio of 13.59 and a beta of 0.80. First Trust Dorsey Wright Dynamic Focus 5 ETF has a twelve month low of $29.70 and a twelve month high of $34.83.

First Trust Dorsey Wright Dynamic Focus 5 ETF Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were given a dividend of $0.139 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.67%. The ex-dividend date was Thursday, March 21st.

First Trust Dorsey Wright Dynamic Focus 5 ETF Profile

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum.