PNC Financial Services Group Inc. Has $785,000 Stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

PNC Financial Services Group Inc. decreased its position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 8.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,318 shares of the company’s stock after selling 1,365 shares during the quarter. PNC Financial Services Group Inc.’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $785,000 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. Park Square Financial Group LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at about $28,000. MorganRosel Wealth Management LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the first quarter valued at about $28,000. Olde Wealth Management LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the first quarter valued at about $43,000. South Plains Financial Inc. acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at about $44,000. Finally, Quest 10 Wealth Builders Inc. increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 82.2% in the first quarter. Quest 10 Wealth Builders Inc. now owns 1,350 shares of the company’s stock valued at $74,000 after acquiring an additional 609 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

NASDAQ:FV opened at $60.10 on Tuesday. The stock’s 50-day simple moving average is $59.33 and its 200 day simple moving average is $57.65. The company has a market cap of $3.66 billion, a P/E ratio of 19.48 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $47.04 and a 52-week high of $63.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Thursday, June 26th were given a dividend of $0.096 per share. This represents a $0.38 dividend on an annualized basis and a yield of 0.6%. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Thursday, June 26th.

First Trust Dorsey Wright Focus 5 ETF Company 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.