First Trust Dorsey Wright Focus 5 ETF $FV Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lessened its stake in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 6.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 323,539 shares of the company’s stock after selling 21,603 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.55% of First Trust Dorsey Wright Focus 5 ETF worth $20,034,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 171.5% in the second quarter. Geneos Wealth Management Inc. now owns 247,068 shares of the company’s stock valued at $14,641,000 after purchasing an additional 156,052 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 1,587.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 129,940 shares of the company’s stock valued at $7,700,000 after buying an additional 122,238 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth about $4,305,000. Global Retirement Partners LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter worth approximately $3,489,000. Finally, Laurel Wealth Advisors LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 5,826.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 50,371 shares of the company’s stock worth $2,985,000 after buying an additional 49,521 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

NASDAQ FV opened at $65.01 on Friday. The company has a market cap of $3.60 billion, a PE ratio of 19.48 and a beta of 1.08. The stock’s 50 day simple moving average is $65.04 and its 200-day simple moving average is $62.69. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $47.04 and a 1-year high of $68.16.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.1355 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Friday, December 12th. This is an increase from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10.

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.