Concurrent Investment Advisors LLC Has $33.14 Million Stock Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Concurrent Investment Advisors LLC boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 2.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 568,765 shares of the company’s stock after buying an additional 12,580 shares during the period. First Trust Dorsey Wright Focus 5 ETF makes up approximately 1.0% of Concurrent Investment Advisors LLC’s investment portfolio, making the stock its 16th largest position. Concurrent Investment Advisors LLC owned about 0.88% of First Trust Dorsey Wright Focus 5 ETF worth $33,142,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of FV. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter valued at approximately $86,000. Envestnet Asset Management Inc. boosted its position in First Trust Dorsey Wright Focus 5 ETF by 0.3% in the second quarter. Envestnet Asset Management Inc. now owns 406,934 shares of the company’s stock valued at $23,304,000 after buying an additional 1,070 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 51.5% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 14,869 shares of the company’s stock worth $851,000 after buying an additional 5,056 shares during the last quarter. Oppenheimer & Co. Inc. increased its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 2.8% during the first quarter. Oppenheimer & Co. Inc. now owns 27,115 shares of the company’s stock worth $1,552,000 after buying an additional 735 shares in the last quarter. Finally, Professional Financial Advisors LLC bought a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter valued at $200,000.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of First Trust Dorsey Wright Focus 5 ETF stock traded up $1.00 on Wednesday, hitting $59.62. The stock had a trading volume of 10,175 shares, compared to its average volume of 115,967. The stock has a 50 day moving average of $57.42 and a 200 day moving average of $56.56. The firm has a market capitalization of $3.86 billion, a P/E ratio of 16.50 and a beta of 1.07. First Trust Dorsey Wright Focus 5 ETF has a twelve month low of $43.60 and a twelve month high of $60.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.0199 per share. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.08 annualized dividend and a yield of 0.13%.

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.