Bank of America Corp DE Sells 9,945 Shares of First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC)

Bank of America Corp DE lessened its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 165,500 shares of the company’s stock after selling 9,945 shares during the quarter. Bank of America Corp DE owned 4.41% of First Trust Dorsey Wright Dynamic Focus 5 ETF worth $6,049,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atria Wealth Solutions Inc. grew its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 50.9% during the 4th quarter. Atria Wealth Solutions Inc. now owns 9,519 shares of the company’s stock valued at $348,000 after purchasing an additional 3,209 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the fourth quarter worth $3,952,000. Arbor Capital Management Inc. ADV bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the fourth quarter worth $323,000. Proactive Wealth Strategies LLC increased its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 6.0% during the fourth quarter. Proactive Wealth Strategies LLC now owns 8,206 shares of the company’s stock worth $300,000 after buying an additional 465 shares in the last quarter. Finally, Independent Advisor Alliance bought a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 4th quarter valued at $243,000.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Down 0.0%

NASDAQ FVC opened at $35.05 on Tuesday. The company has a market cap of $131.44 million, a price-to-earnings ratio of 19.13 and a beta of 0.80. First Trust Dorsey Wright Dynamic Focus 5 ETF has a twelve month low of $30.39 and a twelve month high of $39.21. The business’s fifty day moving average is $34.73 and its 200 day moving average is $36.27.

First Trust Dorsey Wright Dynamic Focus 5 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1174 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This is an increase from First Trust Dorsey Wright Dynamic Focus 5 ETF’s previous quarterly dividend of $0.05. This represents a $0.47 annualized dividend and a yield of 1.34%.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company 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.