Raymond James & Associates Has $6.42 Million Stock Position in First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV)

Raymond James & Associates cut its stake in shares of First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) by 5.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 304,851 shares of the company’s stock after selling 19,123 shares during the period. Raymond James & Associates owned 3.23% of First Trust Dorsey Wright International Focus 5 ETF worth $6,415,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of IFV. Northwestern Mutual Wealth Management Co. increased its position in First Trust Dorsey Wright International Focus 5 ETF by 83.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,455 shares of the company’s stock worth $29,000 after buying an additional 663 shares during the period. GAMMA Investing LLC acquired a new stake in First Trust Dorsey Wright International Focus 5 ETF during the second quarter worth about $87,000. SageView Advisory Group LLC acquired a new position in shares of First Trust Dorsey Wright International Focus 5 ETF in the 1st quarter valued at approximately $99,000. Sanctuary Advisors LLC bought a new position in First Trust Dorsey Wright International Focus 5 ETF in the second quarter valued at approximately $294,000. Finally, Trueblood Wealth Management LLC increased its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 6.2% in the 2nd quarter. Trueblood Wealth Management LLC now owns 46,787 shares of the company’s stock valued at $920,000 after purchasing an additional 2,749 shares during the last quarter.

First Trust Dorsey Wright International Focus 5 ETF Stock Performance

Shares of IFV opened at $19.88 on Friday. The stock has a market capitalization of $181.90 million, a price-to-earnings ratio of 8.65 and a beta of 0.95. First Trust Dorsey Wright International Focus 5 ETF has a 52 week low of $17.05 and a 52 week high of $21.38. The stock has a fifty day moving average of $20.54 and a 200-day moving average of $20.05.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.0337 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.13 dividend on an annualized basis and a yield of 0.68%.

About First Trust Dorsey Wright International Focus 5 ETF

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.