Acorn Financial Advisory Services Inc. ADV Raises Position in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV)

Acorn Financial Advisory Services Inc. ADV boosted its holdings in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) by 7.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,631 shares of the company’s stock after purchasing an additional 372 shares during the period. Acorn Financial Advisory Services Inc. ADV’s holdings in First Trust Dorsey Wright Focus 5 ETF were worth $328,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 51.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 14,869 shares of the company’s stock worth $851,000 after purchasing an additional 5,056 shares during the period. Oppenheimer & Co. Inc. raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.8% during the 1st quarter. Oppenheimer & Co. Inc. now owns 27,115 shares of the company’s stock worth $1,552,000 after purchasing an additional 735 shares during the period. HBK Sorce Advisory LLC acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the 1st quarter worth approximately $267,000. Trustmark National Bank Trust Department increased its position in First Trust Dorsey Wright Focus 5 ETF by 13.9% in the 1st quarter. Trustmark National Bank Trust Department now owns 16,378 shares of the company’s stock valued at $937,000 after acquiring an additional 2,000 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in First Trust Dorsey Wright Focus 5 ETF by 3.4% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 12,315 shares of the company’s stock valued at $705,000 after acquiring an additional 402 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Stock Down 0.4 %

Shares of First Trust Dorsey Wright Focus 5 ETF stock traded down $0.24 during midday trading on Friday, hitting $61.13. The company’s stock had a trading volume of 70,607 shares, compared to its average volume of 116,073. The stock has a 50-day simple moving average of $57.68 and a 200-day simple moving average of $56.67. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $43.60 and a 1-year high of $61.41. The firm has a market capitalization of $3.96 billion, a P/E ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a dividend of $0.0199 per share. This is a boost 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 dividend yield of 0.13%.

First Trust Dorsey Wright Focus 5 ETF 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.